Press Releases
12 February 2014

Mechel Reports Successful First Tests of New Coal Export Terminal at Trade Port Posiet

Moscow, Russia – February 12, 2014 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports successful tests of the new coal export terminal at Primorye Region’s Port Posiet. Modernization of the port’s facilities will enable the company to significantly increase export to the Asia-Pacific countries. The project’s cost is estimated to total some 4.5 billion rubles.
05 February 2014

Mechel Reports 2013 Operational Results

Moscow, Russia – February 5, 2014 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces 2013 operational results.
31 December 2013

Mechel Reports Oleg Korzhov’s Appointment as Company’s Chief Executive Officer

Moscow, Russia – December 31, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the appointment of the company’s Senior Vice-President for Economics and Management Oleg Korzhov as Mechel OAO’s Chief Executive Officer. This decision was approved by the company’s Board of Directors and is valid starting on January 1, 2014. Evgeny Mikhel, who occupied this post since 2010, left the company by his own wish.
27 December 2013

Mechel Announces Closing Deal on Disposal of Several Ferroalloy Assets

Moscow, Russia — December 27, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces closing the deal for disposal of 100% shares in Voskhod Mining Plant (Khromtau, Kazakhstan) and Tikhvin Ferroalloy Plant (Tikhvin, Leningrad Region, Russia) to Turkey’s YILDIRIM Group for a total of 425 million US dollars.
23 December 2013

Mechel Reports the First Half and Nine Months 2013 Financial Results

20 December 2013

Mechel Reports Signing Agreements with Sberbank for Restructuring Part of Mechel OAO Debt to Sberbank (25.5 bln Rubles)

Moscow, Russia – December 20, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces signing agreements with Sberbank of Russia on restructuring a part of Mechel OAO’s debt to the bank (25.5 billion rubles, approximately 773 million US dollars*). The Group’s obligations to the bank are extended by 5 years, with a grace period until the first quarter of 2015.
20 December 2013

Mechel Announces 2013 First Half and Nine Months Financial Results Conference Call and Internet Broadcast

Moscow, Russia — December 20, 2013 — Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that it intends to release its financial results for the first half ending June 30, 2013, and the nine months ending September 30, 2013 on Monday, December 23, 2013. In conjunction with this release, Mechel will host a conference call, which will be simultaneously broadcast live over the Internet. Evgeny Mikhel, Chief Executive Officer, will host the call.
09 December 2013

Mechel Agreed on Covenant Holidays with Sberbank

Moscow, Russia – December 09, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces reaching agreement on covenant holidays on bilateral credit lines from Sberbank of Russia amounting to 44.9 billion rubles (approximately 1.36 billion US dollars*) until the end of 2014.
04 December 2013

Mechel Agreed on Covenant Holidays with VTB Bank

Moscow, Russia – December 04, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces reaching agreement on covenant holidays on bilateral credit lines from VTB Bank amounting to USD 1.8 billion until the end of 2014.
03 December 2013

Mechel Announces Finalization of Negotiations on 1-Billion-Dollar Syndicated Loan Agreement with International Lenders

Moscow, Russia – December 03, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces reaching agreement to extend the grace period and maturity of its USD 1 billion syndicated facility to the end of 2014 and 2016 respectively.
28 November 2013

Mechel Receives First Tranche of Financing for Development of Elga Coal Complex from Vnesheconombank

Moscow, Russia – November 28, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that Elgaugol OOO project company has received the 150-million-dollar first tranche of the project financing for Elga Coal Complex’s first stage totalling 2.5 billion US dollars from Vnesheconombank.
25 November 2013

Mechel Agreed on Covenant Holidays on A 1-Billion-Dollar Syndicated Loan

Moscow, Russia – November 25, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces reaching agreement on covenant holidays on its USD 1 billion syndicated facility until the end of 2014.
18 November 2013

Mechel Has Attended Metal Expo’ 2013 Annual Exhibition

Moscow, Russia — November 18, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports its participation in the 19th International Industrial Exhibition Metal-Expo’ 2013, which was held at the All-Russia Exhibition Center in Moscow on November 12-15, 2013.
07 November 2013

Mechel Reports 9M2013 Operational Results

Moscow, Russia – November 7, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces 9M2013 operational results.
29 October 2013

Mechel Reports Selling Stake in Vanino Sea Trade Port OAO

Moscow, Russia – October 29, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports the sale of a 28-percent share in Vanino Sea Trade Port OAO’s equity capital.
24 October 2013

Mechel Signs Agreement with Vnesheconombank for First Tranche of Financing for Elga Coal Complex

Komsomolsk-on-Amur, Russia – October 24, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that an agreement between Vnesheconombank and Mechel on allocating the first tranche of the project financing for Elga Coal Complex’s first stage totalling 2.5 billion US dollars, was signed in the presence of the Russian Federation’s Prime Minister Dmitry Medvedev.
16 October 2013

Mechel Reports Decision of Extraordinary Shareholder Meeting

Moscow, Russia — October 16, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports that its extraordinary general shareholders’ meeting approved issuing of guarantee by Mechel OAO for performance of Mechel Group sellers’ obligations under the sale-purchase agreement (including but not limited to sellers’ warranties) to the buyer, Yildirim Group. This guarantee is a condition precedent for the deal’s closure.
25 September 2013

Mechel Reports Completing Construction of Grinding-Mixing Complex

Chelyabinsk, Russia — September 25, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces completion of the construction project for a grinding-mixing complex to produce cement.
18 September 2013

Vnesheconombank Supervisory Board Approves Mechel’s Application for Financing Development of Elga Coal Complex’s First Stage

Moscow, Russia — September 18, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that Vnesheconombank’s (VEB) Supervisory Board approved financing totaling 2.5 billion US dollars for the development of Elga Coal Complex (Republic of Sakha (Yakutia))’s first stage.
26 August 2013

Mechel to Aid Flood Victims in Russia’s Amur Region

Moscow, Russia — August 26, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports its decision to offer free aid to flood victims in Russia’s Amur Region.