News: Mechel OAO (MTL)


MTL on New York Consolidated

3.12USD
18 Jun 2013
Price Change (% chg)

$0.28 (+9.86%)
Prev Close
$2.84
Open
$2.86
Day's High
$3.25
Day's Low
$2.82
Volume
5,784,242
Avg. Vol
3,093,084
52-wk High
$8.34
52-wk Low
$2.62

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UPDATE 1-Mining in Siberian coal region part-suspended after quake

* Governor calls for temporary halt to underground mining

Russia's Mechel launches $100 mln share buyback programme

MOSCOW, June 18 - Russian miner Mechel said on Tuesday it would launch a share buy back programme of up to $100 million, after it reported a first-quarter net loss of $321 million partly due to weak prices.

UPDATE 1-Mechel signs $1 bln in loans with Gazprombank

MOSCOW, April 29 - Russian steel group Mechel signed several loan agreements with Gazprombank totalling $1 billion, the company said on Monday.

Russia's Mechel signs loans with Gazprombank total worth $1 bln

MOSCOW, April 29 - Russian steel group Mechel signed several loan agreements with Gazprombank totalling $1 billion, the company said in a statement on Monday.

UPDATE 1-Russia's Mechel delays $1.25 bln mining sale-sources

* Mechel Mining stake sale on ice until late 2013 - sources

Russia's Mechel delays $1.25 bln mining sale-sources

LONDON, April 26 - Indebted Russian steel group Mechel has backed off from selling up to 25 percent of its mining division due to market conditions, sources with knowledge of the matter said.

UPDATE 2-Russia's Mechel slashes capex after Q4 loss

* Shares down 6.3 pct (Recasts with capex, adds quotes from CEO, analysts)

RPT-Market Chatter-Corporate finance press digest

April 11 - The following corporate finance-related stories were reported by media on Thursday:

Market Chatter-Corporate finance press digest

April 11 - The following corporate finance-related stories were reported by media on Thursday:

UPDATE 1-Russia's Mechel signs $1.3 bln loan agreement with VTB

MOSCOW, April 10 - Heavily indebted Russian miner Mechel said it had signed a 40 billion rouble ($1.28 billion) agreement with Russian bank VTB, refinancing loans due for repayment this year and buying time to dispose of assets.

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