Mechel PAO , one of the leading Russian mining and metals companies, decided to temporarily abstain from making public its 1Q2022 financial and operational results. The company's decision is due to the fact that some investors lack the ability to make transactions with Mechel PAO's securities, and making such information public may profit some interested parties more than others. The company plans to release its 1H2022 [...]
Mechel PAO , a leading Russian mining and steel group, announces financial results for the FY 2021. Consolidated Results for the FY'2021 Mechel PAO's Chief Executive Officer Oleg Korzhov commented: "The Group's consolidated revenue in 2021 amounted to 402.1 billion rubles, up by 51% year-on-year. EBITDA was 118.9 billion rubles, demonstrating a 190% growth year-on-year. EBITDA margin was 30%, doubling the EBITDA margin of [...]
Mechel PAO , one of the leading Russian mining and metals companies, announces 2021 operational results. Mechel's Chief Executive Officer Oleg Korzhov commented on the results: "2021 demonstrated positive price trends for all types of the Group's products. Starting in June, prices on the mining division's output were actively growing, occasionally reaching new historical highs. For example, premium coking coal FOB [...]
Mechel PAO , one of the leading Russian mining and metals companies, announces that it intends to release its operational and financial results for the full year period ending December 31, 2021, on Tuesday, March 1, 2022. *** Mechel PAO Alexey Lukashov Phone: +7495221 8888 e-mail: alexey.lukashov@mechel.com *** Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South [...]
Mechel PAO reports creating a new post of deputy chief executive officer for Mechel PAO's operations.Alexey Lebedev has been appointed to this new post. Alexey Lebedev will be in charge of a wide range of issues linked to operational planning and technical development, meeting production plans, product quality, construction and overhauls, labor and industrial safety. He will temporarily coordinate work on his new post [...]
Mechel PAO reports early repayment of its obligations to VTB Bank regarding its dollar-denominated loan. Southern Kuzbass Coal Company, which is part of Mechel Group's mining segment, acted as the debtor on this loan. As part of the restructuring conducted in 2020, the outstanding 341-million-dollar amount on this loan was scheduled to be repaid by the end of April 2022. In early February, Southern Kuzbass Coal Company [...]
Mechel PAO reports that its mining facilities this year received a total of some 270 equipment units, including more than 80 large-scale machines and assembly units. The most sweeping technical revamps and retrofits involved Southern Kuzbass Coal Company, which received more than 100 new equipment units, including heavy-duty trucks, bulldozers and service equipment. All automobiles use an online dispatch system [...]
Mechel PAO announces financial results for the 3Q 2021 and 9M 2021. Consolidated Results for the 3Q'2021 and 9M'2021 Mechel PAO's Chief Executive Officer Oleg Korzhov commented: The Group's consolidated revenue in 3Q2021 amounted to 102.9 billion rubles, down 5% quarter-on-quarter. EBITDA was 31.9 billion rubles, also down 5% quarter-on-quarter. EBITDA margin remained at 31%. "The decrease in our steel division's [...]
Mechel PAO announces 9M2021 and 3Q2021 operational results. Mechel's Chief Executive Officer Oleg Korzhov commented on the results: "This year's third quarter will be written into the history of international commodity markets as anomalous, as it saw a price rally both unprecedented in scale and unexpected for industry players. For example, the price of premium coking coal FOB Australia more than doubled in this quarter [...]
Mechel PAO announces that it intends to release its operational and financial results for the third quarter period ending September 30, 2021, on Thursday, November 18, 2021. Mechel PAO Alexey Lukashov Phone: +7495221 8888 e-mail: alexey.lukashov@mechel.com *** Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal [...]
Mechel PAO reports supplying approximately 22,000 tonnes of rails and other steel rolls for construction of Moscow Metro's Bolshaya Koltsevaya Line. Moscow is preparing to launch simultaneously 10 stations of the Bolshaya Koltsevaya Line's western, south-western and southern parts - Terekhovo, Kuntsevskaya, Davydkovo, Aminyevskaya, Michurinsky Prospect, Prospect Vernadskogo, Novatorskaya, Vorontsovskaya, Zyuzino and [...]
Mechel PAO reports signing a contract for coal supply with Far-Eastern Energy Company. The contract stipulates supplies of thermal coal to Neryungrinskaya Power Station for uninterrupted generation during the heating season. From October 2021 to March 2022, Mechel will supply approximately 360,000 tonnes of coal. During the last winter season, Mechel has provided Neryungrinskaya Power Station with a similar amount. "We [...]
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