Yakutugol

Yakutugol

Press releases

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.

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.

Mechel Announces the Beginning of Coal Supplies to China by New Railway Route

Moscow, Russia – August 6, 2013 - Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that it has started supplying coal concentrate to the People's Republic of China by rail through new border checkpoint Makhalino — Hunсhun.

Mechel and Belaz Create Joint Venture ElgaBelAvto

Moscow, Russia — June 10, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, and BelAZ OAO announce signing an agreement to create a joint Russo-Belarusian venture ElgaBelAvto OAO for technical maintenance and repairs of BelAZ mining dump trucks in the Republic of Sakha (Yakutia).

Mechel Reports Selling Part of Controlling Stake in Vanino Sea Trade Port OAO to Investors

Moscow, Russia – January 18, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports selling a part of its earlier acquired controlling stake in Vanino Sea Trade Port OAO to investors.

Mechel Reports Acquiring Controlling Stake in Vanino Sea Trade Port OAO

Moscow, Russia – January 14, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports acquiring 55% (73.33% of common shares) of Vanino Sea Trade Port OAO. The acquisition was made in line with the company’s strategy of developing its mining division in a bid to expand its export capacities and reduce transport costs in line with planned increases in coal mining volumes.

Mechel Secures Restructuring of a 1-Billion-Dollar Syndicated Loan

Moscow, Russia – December 05, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces signing an amendment and restatement agreement in relation to a syndicated pre-export loan totalling 1 billion US dollars in order to further improve the liquidity of the company.