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Stock Market & Financial Investment News

News Breaks
July 31, 2014
08:40 EDTMTLMechel reports supplying Ulak-Elga railway with Chelyabinsk Metallurgical rails
Mechel OAO reports supplying a batch of R65 rails produced by Chelyabinsk Metallurgical Plant for expanding the carrying capacity of its 321-kilometer Ulak-Elga railway which provides railway access to the Elga coking coal deposit. The supplied rails will enable the company to lay 25 kilometers of service tracks for Elga Coal Complex. These rails were produced using Elga's coking coal concentrate in the coke and chemical process, thereby attaining additional synergistic effect between Mechel Group's enterprises. Chelyabinsk Metallurgical Plant's rails were certified by the project research and scientific research for industrial transport institute ZAO Promtransniiproekt as compliant with the TU 14-2P-475-2013 standard. Those are wide-gauge rails for technological tracks of an enterprise's railway transport.
News For MTL From The Last 14 Days
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April 7, 2015
09:31 EDTMTLMechel signs agreement with Russian Railways Transportation Service
Mechel reports signing a new agreement with Russian Railways OAO's Center of Corporate Transportation Services, including organization of cargo train traffic by reserved routes with fixed arrival and departure times. The agreement is valid from April 1, 2015 till December 31, 2015. As Elga Coal Complex continues to develop, the company plans to extend the practice of traffic control using fixed schedules. Cargo trains are planned to be formed at Ulak station which is linked by a direct railway to the Elga deposit.

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