Tag «Mechel»

Primetals Technologies to modernize another LD (BOF) converter for Mechel in Chelyabinsk

    • LD (BOF) converter modernization and replacement • Lower converter emissions • Follow-up order to earlier successful converter modernizations Primetals Technologies has won an order from the Mechel Group to modernize an LD (BOF) converter in the steel works of the Chelyabinsk Metallurgical Plant (ChMK) in Russia. The project aims are replacement of …

Mechel Reports Review of Subsoil License Conditions for Elga Deposit

Moscow, Russia — June 24, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the Federal Subsoil Resources Management Agency approved the revised schedule for the works under the subsoil license agreement for development of the Elga coal deposit. According to the revised license conditions, the first stage …

Mechel Announces Buyback Program

Moscow, Russia — June 18, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the decision of the company’s Board of Directors to authorize the buy back of up to $100 million of ADRs representing Mechel OAO’s common shares. These repurchases will be made in open market or …

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). The enterprise’s facilities will …

Mechel Announces Signing Agreement With Shasteel Group

Moscow, Russia — June 5, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces signing a coking coal supply agreement with China’s Shasteel Group. According to the signed agreement, Mechel Carbon (Singapore), trading subsidiary of Mechel OAO’s mining division, will directly supply Shasteel Group with 40,000 to 80,000 …

Mechel Reports 1Q2013 Operational Results

Moscow, Russia – May 13, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces 1Q2013 operational results. Production: Product Name 1Q2013, thousand tonnes 4Q2012, thousand tonnes % 1Q2013, thousand tonnes 1Q2012, thousand tonnes % Run-of-mine coal 6,406 6,970 -8 6,406 6,413 0 Pig Iron 972 1,054 -8 972 …

Mechel Announces Board of Directors’ Resolutions

Moscow, Russia — April 22, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the resolutions of Mechel OAO’s Board of Directors. The Board of Directors of Mechel OAO (the Company) held a meeting on April 19, 2013. The following resolutions were adopted at the meeting: 1. To …