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Mechel PAO (MTL.N)

MTL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Gazprombank, Mechel OAO reach preliminary debt restructuring deal - Reuters
Friday, 26 Jun 2015 06:37am EDT 

Mechel OAO:Gazprombank says it had reached a preliminary debt restructuring agreement with Russian miner Mechel - Reuters.Gazprombank head Andrey Akimov said he expects a final agreement to be reached by July 1 and that Gazprombank could purchase some of Mechel's debt owed to Russian lender Sberbank.  Full Article

Mechel OAO signs coal supply agreement with Jidong Cement
Tuesday, 9 Jun 2015 05:02am EDT 

Mechel OAO:Announces signing a memorandum with China's Jidong Cement.According to the signed memorandum, Mechel is due to supply 1 million tonnes of steam coal produced at Neryungrinsky and Elga open pits to Jidong Cement between April, 2015 and March, 2016.The price and exact volume of the supplies will be determined on a monthly basis.The sides also agreed to consider expanding further their cooperation into supplies of metallurgical coals to Jidong Development facilities.  Full Article

Court turns down Mechel OAO appeal against order to pay VTB 3 billion roubles-Interfax
Monday, 1 Jun 2015 03:41am EDT 

Mechel OAO:The Ninth Arbitration Appeals Court on rejects an appeal by the Mechel against an order to pay the VTB bank about 3 billion roubles - Interfax.A lawyer for Mechel said he was not certain the company would challenge the decision further.  Full Article

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