News: Mechel OAO (MTL)

MTL on New York Consolidated

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19 Sep 2014
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Bankruptcy most likely scenario for indebted Mechel-economy minister

SOCHI, Russia, Sept 20 - Russian Economy Minister Alexei Ulyukayev said on Saturday that bankruptcy was the most likely scenario for the over-indebted steelmaker Mechel .

UPDATE 1-Russia's VTB to take legal action over Mechel debts - RIA

MOSCOW, Sept 19 - Russian bank VTB will have to take legal action to recover debts from Mechel after other attempts to help the struggling steelmaker failed, RIA news agency quoted VTB's chief executive as saying on Friday.

Russia's VTB: court the only way to solve Mechel debt problems- RIA

MOSCOW, Sept 19 - Russia's VTB bank sees applying to court as the only way to solve steelmaker Mechel's debt problems, RIA news agency quoted Andrei Kostin, the bank's chief executive, as saying on Friday.

Russian indebted miner Mechel mulls core assets sale - Vedomosti

MOSCOW, Sept 10 - Russian indebted coal-to-steel group Mechel is considering selling its core assets and hopes to earn between $2 billion and $3 billion over two or three years, its chief executive Oleg Korzhov told Vedomosti newspaper.

Russian Railways may get $2 bln from NWF to buy Mechel rail link - news agency

MOSCOW, Sept 4 - Russian Railways may get 70 billion roubles ($2 billion) from the country's National Wealth Fund to buy a rail link belonging to miner Mechel, Railways CEO Vladimir Yakunin was quoted as saying by Itar-Tass news agency on Thursday.

Fitch: Mechel Resolution Likely to Have Limited Impact on Bank Ratings

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Russian Banks’ Mechel Exposure Needs Resolving http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=754367 MOSCOW/LONDON, August 14 (Fitch) Fitch Ratings says in a new special report that the exposure of four Russian state-owned banks to troubled Russian coal and steel producer Mechel is unlikely to have any impact on the banks' Issuer Default Ratings (IDRs) or debt ratings, which ar

UPDATE 2-Russian officials at odds over Mechel bailout

* Options are participation of VEB or converting debt to shares

Russia's plans to bail out miner Mechel suggest ownership change-aide

MOSCOW, July 30 - Russia has prepared two different options for bailing out indebted coal miner Mechel both of which suggest an ownership change, President Vladimir Putin's top economic aide said on Wednesday.

UPDATE 1-Russia sees Mechel debt restructuring as best option - Putin aide

* Government to come up with plan within a week (Adds aide comments on risks to VEB, background)

Restructuring debts of Russia's Mechel better than bankruptcy - Putin aide

MOSCOW, July 23 - Restructuring the debt of struggling Russian miner Mechel through state development bank VEB is preferable to allowing the company to go bust, President Vladimir Putin's top economic aide said on Wednesday.

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