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Mechel PAO (MTL.N)

MTL.N on New York Stock Exchange

15 Dec 2017
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$-0.28 (-6.22%)
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Latest Key Developments (Source: Significant Developments)

Russia's Mechel says Vnesheconombank agrees to restructure $190 mln loan
Thursday, 28 Sep 2017 11:00am EDT 

Sept 28 (Reuters) - Russia's coal and steel producer Mechel says::Vnesheconombank (VEB) has agreed to restructure a loan for up to $190 mln for Elgaugol, a part of Mechel's mining division;.The deal will extend the debt's maturity until the second quarter of 2022;."By signing this agreement with Vnesheconombank, Mechel Group has completed the process of restructuring its debt with Russian banks," Oleg Korzhov, Mechel chief executive, said in a statement;."The development of the Elga deposit is our key investment project which we will continue to work on together with Gazprombank, and our agreement with Vnesheconombank is an important step that enables us to move forward," he added..  Full Article

Russia's Mechel sees coal production rising by 10 pct in H2
Wednesday, 23 Aug 2017 11:45am EDT 

Aug 23 (Reuters) - Russia's Mechel told a conference call with analysts on Wednesday::Mechel sees coal production rising by 10 percent in H2 of 2017;.Sees coking coal concentrate sales at 4.3 million T in H2;.Sees capital expenditures at about 12 billion roubles ($203 million) in 2018 versus 5.5-6 billion roubles in 2017..  Full Article

Mechel Q2 steel output down 2 pct q/q, coal output up 4 pct
Wednesday, 23 Aug 2017 06:23am EDT 

Aug 23 (Reuters) - Russian metals and mining group Mechel says::Its crude steel output was 1.1 million tonnes in the second quarter of 2017, down 2 percent compared with the first quarter;.Coal output at 5.3 million tonnes in the second quarter, up 4 percent quarter on quarter..  Full Article

Russia's Mechel reports Q2 net loss of 8.9 bln rbls
Wednesday, 23 Aug 2017 05:00am EDT 

Aug 23 (Reuters) - Russia's Mechel says::Q2 net loss at 8.9 billion roubles ($150.5 million) vs net profit of 13.9 billion roubles in Q2 2016;.Q2 revenue at 71.97 billion roubles, down 7 percent quarter on quarter;.Q2 EBITDA at 17.4 billion roubles, down 24 percent q/q;.Q2 sales of coking coal concentrate up 4 pct q/q..  Full Article

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

Russia's Mechel reports changes to syndicated loan structure

MOSCOW, Nov 28 A number of banks have sold their shares in a pre-export syndicated loan to Russian metals and mining giant Mechel, CFO Sergei Rezontov said on Tuesday.