Mechel PAO announces the decisions made by its Board of Directors at a meeting held on May 24, 2021. The Board of Directors made the following recommendations to the general meeting of Mechel PAO's shareholders: not to pay an annual dividend with respect to ordinary shares; to pay an annual dividend of 1.17 rubles per one preferred share. The list of persons entitled to receive dividends for 2020 will be made based on the [...]
Mechel PAO announces 1Q2021 operational results. Mechel PAO's Chief Executive Officer Oleg Korzhov commented on operational results. "Our operational dynamics in 1Q2021 were largely what they were due to conditions our company worked in last year, caused by both external and internal factors. Even as the decrease in debt leverage due to restructuring and partial repayment of our loans had its positive impact, starting in [...]
Mechel PAO's Chief Executive Officer Oleg Korzhov commented: "The Group's consolidated revenue in 1Q2021 was 76.0 billion rubles, which is 10% more than in the previous quarter. EBITDA reached 18.2 billion rubles, demonstrating an 88% growth quarter-on-quarter. "The results improved due to increased prices for nearly the entire product range of the Group's mining and steel divisions. "In 1Q2021, we saw a favorable trend [...]
Mechel PAO announces that it intends to release its operational and financial results for the first quarter period ending March 31, 2021, on Thursday, May 20, 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, iron ore [...]
Mechel PAO reports that the Group's Southern Kuzbass Coal Company is launching the second section of the longwall 3-1-11's working area at Sibirginskaya Underground Mine. Investment topped 300 million rubles. The longwall 3-1-11 lies 450 meters deep. The new extraction area's industrial coal reserves are estimated at 1.5 million tonnes. The working face's seam height is four meters, with the length of 220 meters and an [...]
Mechel PAO reports that Chelyabinsk Metallurgical Plant has been named "Purveyor to the Moscow Government" in the Transport Infrastructure Development nomination as a result of its work as a supplier to the Russian capital. The award ceremony was held at the All-Russian Expo Forum Goszakaz. Head of Moscow's Competition Policy Department Ivan Scherbakov awarded the winners. The evaluation committee distinguished [...]
Mechel PAO announces that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2020 with the U.S. Securities and Exchange Commission. The report is also available at Mechel PAO website www.mechel.com. Shareholders may also request a hard copy of Mechel's latest 20-F with complete audited financial statements free of charge by sending their request to Mechel at ir@mechel.com *** Mechel PAO [...]
Mechel PAO reports launching a new longwall at Southern Kuzbass Coal Company's V.I. Lenina Underground Mine. Investment totaled approximately 470 million rubles. The new longwall #0-16-10's reserves are estimated at 435,000 tonnes. The average seam height is 1.8 m, with the longwall nearly 200 meters long with an extraction panel of 720 m. The longwall is equipped with a 134-section powered support system, a [...]
Mechel PAO announces financial results for the FY 2020. Mechel PAO's Chief Executive Officer Oleg Korzhov commented: "The Group's consolidated revenue in 2020 totaled 265.5 billion rubles, which is 8% less compared to 2019. EBITDA amounted to 41.1 billion rubles, which is 23% less year-on-year. "The mining division accounted for about 60% of the decrease in revenue. This was due to a significant decrease in coal prices [...]
Mechel PAO announces 2020 operational results. Mechel PAO's Chief Executive Officer Oleg Korzhov commented on operational results. "Amid a backdrop of the coronavirus pandemic, last year was extremely uneven and perhaps the most complicated for industrialists since the 2008 financial crisis. Mechel Group survived this situation fairly well - we did not halt any of our facilities, we preserved our staff and did not revamp [...]
Mechel PAO announces that it intends to release its operational and financial results for the full year period ending December 31, 2020, on Thursday, March 11, 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, iron ore [...]
Mechel Group reports selling 300,000 tonnes of rails in 2020, which is 8% more than in 2019. Mechel Group's steel division includes two facilities producing various types of rails - Chelyabinsk Metallurgical Plant and Izhstal . Russian Railways were the chief recipient of Mechel's rails, accounting for 234,000 tonnes. The remainder - approximately 70,000 tonnes - went to other Russian and foreign-based consumers. Last [...]
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