Mechel

Elga coal deposit connected to the unified energy system of Russia

Mechel, a leading Russian mining and metallurgical company, announces that the Elga Coal Complex has put into commercial operation the Elgaugol 220 kV substation and the Prizeiskaya-Elgaugol 220 kV

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Korshunovsky GOK renovates the boiler house at Rudnogorsky mine

Korshunovsky GOK (KGOK, part of the Mechel Group) is upgrading the infrastructure of the Rudnogorsky mine, which employs over 500 people.

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Albert Avdolyan interested in Elga’s coal: FAS received a request to acquire a stake in Mechel

Gazprombank has found a buyer for a stake in Mechel’s coal project. The Federal Antimonopoly Service received a petition from A-Property of Albert Avdolyan.

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Mechel receives Gazprombank's offer to buy out its stake in Elga

The Mechel Group received an offer from Gazprombank to buy out a stake in the Elga coal deposit, a company representative told RBC.

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Korshunovsky GOK increases production of iron ore concentrate

Korshunovsky GOK (KGOK, part of Mechel Group) increased its iron ore concentrate production by 15% in July 2019 compared to the previous month.

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Beloretsk Iron and Steel Works enters into a long-term agreement with Russian Railways

The Beloretsk Iron and Steel Works (BMK, a subsidiary of Mechel Group) has signed a major long-term contract for the supply of wire with Russian Railways Trading House, a division of Russian Railwa

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Mechel reduced coal production by 16% in the first half of the year

In the first six months of 2019, Mechel reduced coal production by 16% (to 8.136 million tons) compared to the same period in 2018. This was reported by representatives of the company.

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Gazprombank receives Mechel’s proposal on debt restructuring

Gazprombank has received Mechel's offer to restructure its debt, a representative of the bank told reporters.

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Mechel's profit for the first half of the year increased 2.7 times

In the first six months of 2019, the Mechel’s profit attributable to shareholders under IAS increased 2.7 times to 12.75 billion rubles. This was reported by the company.

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Mechel to supply 700 thousand tons of coal to Chinese Baosteel Resources.

The new contract implies deliveries from September 2019 to August 2020.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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