Press Releases

Press Releases

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Southern Urals Nickel Plant Elects Acting General Director

Orsk, Russia – March 16, 2005 – The Board of Directors of Southern Urals Nickel Plant OAO, a subsidiary of Mechel, has appointed Gennady Ovchinnikov as acting General Director.

Mechel develops its cooperation with the Republic of Karelia

Moscow, Russia – March 15, 2005 – Mechel (NYSE: MTL) announces signing of a new cooperation agreement with the Republic of Karelia, where its Vyartsilya Metal Products Plant is located.

Mechel reports its production results for 2004

Moscow, Russia — February 28, 2005 — Mechel increased output of its core products in 2004 as compared to the same period last year. Significant growth has been achieved in coal and rolled steel production — by 10.3% and 20.9%, respectively.

Mechel announces changes in its management structure

Moscow, Russia – February 22, 2005 – Mechel announces the appointment of
Boris Nikishichev as Senior Vice President–Mining.

Mechel announces change in names of its Romanian subsidiaries

Bucharest, Romania – February 22, 2005 – Mechel has announced that shareholders meetings resolved to change names of its Romanian facilities to Mechel Targoviste and Mechel Campia Turzii.

Mechel announces that it has won the auction for privatization of a blocking stake in Yakutugol

Yakutsk, Russia – January 24, 2005 – Mechel has won an auction for the sale of ordinary shares in Open Joint Stock Holding Company Yakutugol that constitute 25 % + 1 share of the company's Charter capital.

Mechel announces new appointments

Moscow, Russia –January 19, 2005 – Mechel (NYSE: MTL) announces new appointments in its management.

Mechel And UFG Announce the Sale of Mechel’s Shareholding in Magnitogorsk Iron & Steel Works OJSC to a Consortium of Investors

Moscow, Russia - December 21, 2004 – Mechel (NYSE: MTL) and U.F.G.I.S. Trading Ltd., a company of the UFG Group (“UFG”), acting for a consortium of investors, today concluded an agreement for the sale by Mechel of its entire shareholding in Magnitogorsk Iron & Steel Works OJSC (“MMK”) to the consortium for $780 million. Mechel and UFG also signed a mutual release agreement in which all potential claims between Mechel, on one hand, and MMK and its other shareholders, on the other, are waived in return for a payment of $90 million to Mechel. In accordance with the terms of the agreement, full payment in the amount of $870 million was made and the transfer of shares completed today.

Mechel Holds an Extraordinary General Shareholders' Meeting

Moscow, Russia – December 21, 2004 – Mechel (NYSE: MTL) announces results of an Extraordinary General Shareholders' Meeting held on December 20, 2004.

Mechel Holds an Extraordinary General Shareholders' Meeting

Moscow, Russia – December 24, 2004 – Mechel (NYSE: MTL) announces results of the Extraordinary General Shareholders' Meeting.