News: Mechel OAO (MTL)

MTL on New York Consolidated

0.77USD
19 Dec 2014
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Tue, Dec 9 2014

Russia's Mechel says to cut coal sales by 7 pct in 2014

MOSCOW, Dec 9 - Russian miner Mechel expects sees is 2014 coal sales down by 7 percent to just above 21 million tonnes due to a shortage of working capital, the company's Chief Executive Officer Oleg Korzhov said on Tuesday.

Russia's Mechel says agrees debt restructuring with Gazprombank

MOSCOW, Dec 9 - Troubled Russian miner Mechel has agreed a debt restructuring plan with Gazprombank and sent similar offers to its other lenders, the company's Chief Financial Officer Andrey Slivchenko said on Tuesday.

Russia's Mechel widens net loss in Q3, cuts debt

MOSCOW, Dec 9 - Indebted Russian miner Mechel widened its net loss in the third quarter to $575 million from a net loss of $63 million in the previous quarter, the company said on Tuesday.

UPDATE 2-VTB seeks early repayment of all $847 mln of debt from Mechel

* Court ruled Mechel to pay VTB 3 bln roubles (Updates with VTB comments)

VTB seeks early repayment of $847 mln of debt from Mechel - reports

MOSCOW, Dec 5 - VTB bank is seeking early repayment of 47 billion roubles ($874 million) of outstanding debt from troubled Russian miner Mechel, Russian news agencies reported from a court hearing on Friday.

UPDATE 1-Russia's Mechel agrees debt postponement with Gazprombank -CFO

MOSCOW, Oct 14 - Indebted Russian miner Mechel has reached a preliminary agreement with Gazprombank to postpone redemption of the main part of its debt to the bank until next year, it said on Tuesday, easing possible bankruptcy worries.

Russia's Mechel says agrees with Gazprombank to postpone debt payment

MOSCOW, Oct 14 - Indebted Russian miner Mechel said on Tuesday it had reached a preliminary agreement with Gazprombank to postpone redemption of the main part of of its debt to the bank until next year.

Russia's Mechel narrows H1 net loss, continues debt restructuring talks

MOSCOW, Oct 14 - Indebted Russian miner Mechel has narrowed its first-half net loss to $648 million compared with $2.1 billion loss for same period a year ago, the company said on Tuesday.

UPDATE 2-Russia's Sberbank files lawsuit against indebted Mechel

* VTB says it will drop lawsuit if payment agreement reached

Russia's Gazprombank does not rule out lawsuit against Mechel - Interfax

MOSCOW, Oct 1 - Russia's Gazprombank does not rule out filing a lawsuit against debt-laden coal and steel producer Mechel, Interfax news agency quoted the lender's head, Andrei Akimov, as saying on Wednesday.

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