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Stock Market & Financial Investment News

News Breaks
August 7, 2014
06:54 EDTMTLMechel mines millionth toes of coal at Elga Deposit
Mechel reports having mined a millionth ton of coal since operations began at the Elginsky open pit. Currently work still continues on transferring Elga's seasonal washing plant to all-year operation mode. The works are scheduled to be completed in October-November, which will enable the plant to reach 2.7M-ton annual capacity.
News For MTL From The Last 14 Days
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March 3, 2015
08:22 EDTMTLMechel reports receipt of NYSE notification
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March 2, 2015
10:50 EDTMTLMavenir Systems downgraded to Hold from Buy at Stifel
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February 18, 2015
09:29 EDTMTLMechel reports disposal of Mechel Bluestone
Mechel has closed a deal on the disposal of Mechel Bluestone, including its mining operations, to a company owned by the Justice family. The deal includes: an immediate cash payment of $5M royalty payments on coal mined and sold in an amount of $3.00 per ton portion of any future sale of the company and/or its assets of 12.5% of the sale price if within five years of transaction close or 10% of the sale price after year five, but before year ten. In addition, as part of the transaction, the parties agreed to terminate all claims against each other, including their unresolved dispute related to the calculation of a contingent payment obligation arising out of the 2009 transaction in which Mechel obtained the Bluestone assets from Justice.

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