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Stock Market & Financial Investment News

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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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April 21, 2015
08:13 EDTMTLMechel announces four-year contract with Sinara Transport Machines
Mechel reports signing a four-year contract on locomotive maintenance works between Mecheltrans-East OOO and Sinara Transport Machines OAO, or STM. According to the agreement, STM's subsidiary STM-Service will fully service and repair TE8 locomotives manufactured at STM's Lyudinovsky Locomotive Plant to Mecheltrans's order. Currently Mecheltrans-East's locomotive park includes 15 TE8 locomotives and 3 TEM18DM shunting diesel locomotives. The machines were produced to specifications requisite for exploitation in difficult climatic conditions and mountainous areas. All service and repair works will be made in the repair depot at Verkhny Ulak station located on the Mechel-constructed Ulak-Elga railway which links the Elga coal deposit with the Baikal-Amur Mainline. Also, starting in the second half of 2015, STM-Service will ensure the readiness of Mecheltrans-East's locomotives for use on general-type railways. According to the contract, servicing will cost 120M rubles annually.

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