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Mechel PAO (MTL.N)

MTL.N on New York Stock Exchange

17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Russia's Mechel says 2017 capex seen at 12.5 bln roubles
Wednesday, 31 May 2017 12:13pm EDT 

May 31 (Reuters) - Russia's Mechel ::2017 capex seen at 12.5 billion roubles ($220.2 million);.Company has asked creditors for permission to pay dividends on preferred shares for 2016, no agreement reached yet..  Full Article

Russia's Mechel to produce 10 mln t of coking coal concentrate in 2017
Wednesday, 26 Apr 2017 12:11pm EDT 

April 26 (Reuters) - Russia's Mechel ::Says plans to produce 10 million tonnes of coking coal concentrate in 2017..  Full Article

Russia's Mechel agrees with VTB to postpone debt repayment to 2022
Monday, 26 Dec 2016 02:26am EST 

Mechel says: Agrees to postpone debt repayment with VTB until April 2022. . Deal is part of debt restructuring programme with major creditors. Further company coverage: [MTLR.MM] (Reporting By Moscow Newsroom) ((Moscow.Newsroom@thomsonreuters.com)).  Full Article

Russia's Mechel recommends dividend of 0.05 roubles per preferred share
Tuesday, 31 May 2016 11:05am EDT 

Russia's Mechel said on Tuesday: Its Board of Directors recommended an annual dividend of 0.05 roubles per one preferred share; . the Board recommended not paying an annual dividend for ordinary shares; Further company coverage: [MTLR.MM] (Reporting by Moscow newsroom) ((Polina.Devitt@thomsonreuters.com;)).  Full Article

Mechel PAO says CFO Andrey Slivchenko to leave company
Tuesday, 24 May 2016 11:00am EDT 

Mechel Pao :Chief financial officer Andrey Slivchenko is leaving company following completion of two-year contract.  Full Article

Mechel OAO prolongs its cooperation agreement with Chinese Baosteel Resources
Thursday, 31 Mar 2016 08:54am EDT 

Mechel OAO:Says its cooperation agreement with China’s Baosteel Resources has been prolonged.Since April 2016 and until March 2017, Mechel will supply the Chinese company with up to 960,000 tonnes of coking coal produced at Neryungrinsky Open Pit.  Full Article

Mechel OAO unit signs 82.6 bln rbls loan deals with Sberbank
Wednesday, 10 Feb 2016 01:51am EST 

Mechel OAO:The Chelyabinsk Metallurgical Plant, a unit of Russia's debt-ridden steel maker Mechel, has signed loan agreements with Sberbank worth 82.6 billion roubles, it said in a disclosure statement.  Full Article

Mechel OAO signs long-term deal with Japan’s JFE steel corporation
Thursday, 3 Sep 2015 02:01am EDT 

Mechel OAO:Reports signing a three-year agreement for coal supplies with Japan’s JFE Steel corporation, a major Asian steel mill.The agreement will be in force until August 2018.According to the agreement, Mechel will annually supply JFE Steel up to 1 million tonnes of metallurgical coals, mostly coking coal concentrate produced by Yakutugol Holding Company OAO, as well as coking coal concentrate produced at the Elga coal deposit.The price will be determined based on the market situation.  Full Article

Mechel OAO reports restructuring loan with Gazprombank
Monday, 31 Aug 2015 09:15am EDT 

Mechel OAO:Reports signing agreements on restructuring its loan with Gazprombank totaling 1.4 billion US dollars and 33.7 billion roubles (approx. 507 million US dollars).The loan agreements set the grace period on the body of the loan until April 2017 with repayment to be made in monthly installments until April 2020.Interest payments exceeding 8.75% will be capitalized.  Full Article

Russia's VEB approves Mechel's debt restructuring of Elga project

MOSCOW, July 27 Russian state development bank Vnesheconombank (VEB) said on Thursday it had approved debt restructuring of the Elga coal project owned by miner Mechel . (Reporting by Kira Zavyalova; writing by Vladimir Soldatkin; editing by Dmitry Solovyov)