Mechel has asked the Vice Prime Minister Dmitry Kozak to help return 50% of funds invested in the Donetsk Electrometallurgical Works (Ukraine). The company received DMEZ in 2009 under an agreement with A1. In 2 years Mechel bought the plant for $537 million with the funds borrowed from Alfa-Bank. The company had to pay the…
Russian metals and mining giant Mechel has signed an agreement of intent to sell up to 1.2 million tons of coal to South Korea’s STX Corporation in 2020, the company said. “We continue with successful implementation of our strategy of diversifying our supply flow to Asia Pacific’s promising markets. Guaranteed sales enable us to ensure…
Mechel has put into operation a new long face at the Sibirginskaya mine, a part of the Yuzhniy Kuzbass company. The face 3-1-11 is situated at the depth of 450 meters. Investments exceeded 838 million rubles. The face reserves are estimated at 3.5 million tons of coking coal. Average monthly output will be 90 thousand…
Gazprombank plans to sell a 34% stake in the Elga coal project to metals and mining group Mechel for slightly over 30 billion rubles, a source familiar with the situation reported. He also said the deal should be closed by January 20, 2020. On September 30 a spokesman for Mechel said that the company accepted…
Mechel agreed to buy a part of Gazprombank share in its largest project – Elga coal complex. The company has accepted an offer to buy 34% of the Gazprombank’s 49%. Mechel owns 51% in the project with the reserves of 2.2 billion tons of coking coal. Gazprombank bought 49% of Elga in summer 2016 for…
Chelyabinsk Iron and Steel Works and Mechel-Koks have switched to a special mode of operation to decrease pollution during unfavorable weather conditions. ChMK has shut down a part of its machinery, and decreased output in a number of shops, as well as considerably reduced the gas usage at the operating machinery. Mechel-Koks is also working…
Mechel has concluded a contract with Steel Mont on the delivery of coke and coal. Until the end of 2020 Mechel has to supply 700 thousand tons of products to Steel Mont: 350 thousand tons of coke produced at the Moscow Coke-Gas Plant and 350 thousand tons of PCI coal and anthracite produced at Yuzhniy…
Southern Kuzbass, a subsidiary of Russian metals and mining group Mechel, has launched production at a 400-million ruble longwall at the Lenin underground mine with reserves of 560,000 tons of coal, the company said in a statement on August 22. The new longwall should raise the mine’s capacity and production of coking coal. Monthly loading…