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News Breaks | | | | January 14, 2013 | | 10:19 EDT |  | MTL | Mechel acquires controlling stake in Vanino Sea Trade Port
Mechel reports acquiring 55% 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. On December 29, 2012, the Government of the Russian Federation issued the decree #2608-r with respect to the disposal of federally owned shares of Vanino Sea Trade Port OAO whereby the buyer and the cost of the share package were confirmed. Mechel OAO logistics subsidiary Mecheltrans OOO was confirmed as the buyer. The sum of the transaction totalled some 15.5 billion rubles. Earlier Mecheltrans OOO won the auction for the port's controlling stake, which was held on December 7, 2012. | |
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News For MTL From The Last 14 Days Check below for free stories on MTL the last two weeks. |
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| May 15, 2013 | | 09:18 EDT |  | MTL | Mechel volatility elevated as shares near four-year low
Mechel overall option implied volatility of 61 is above its 26-week average of 56 according to Track Data, suggesting large near term price movement. | | | May 13, 2013 | | 10:10 EDT | | MTL | Mechel reports Q1 coal production 6.41M tons, steel production 1.3M tons
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