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Stock Market & Financial Investment News

News Breaks
August 13, 2014
08:36 EDTMTLMechel acquires new equipment to revamp mining facilities
Mechel OAO reports acquiring new equipment in line with its technical revamping program for Mechel Mining OAO's facilities. The company plans to invest a total of 2.9B rubles into maintenance of the mining division's production facilities in 2014. As part of this program, equipment worth a total of 1.2B rubles has already arrived at Southern Kuzbass Coal OAO and Korshunov Mining Plant OAO's facilities.
News For MTL From The Last 14 Days
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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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