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Last $1.29 USD
Change Today +0.02 / 1.57%
Volume 183.7K
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

mechel-sponsored adr (MTL) Key Developments

Mechel OAO Signs Service Agreement with Sinara Transport Machines

Mechel OAO signing a four-year contract on locomotive maintenance works between Mecheltrans-East OOO and Sinara Transport Machines OAO. The contract was signed on the sidelines of the International Exhibition for Transport and Logistics Services and Technologies TransRussia and is valid until December 31, 2018. 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.

Court Grants VTB Claim for RUB 50.2 Billion against Mechel

The Moscow Arbitration Court on April 9, 2015 granted a claim by VTB to recover debt of RUB 50.2 billion from the Mechel coal and steel group, including EUB 43.8 billion in principal debt on loans. Mechel has yet to comment on the ruling. The court rejected a counter-claim by Mechel to charge the terms of a credit agreement.

Mechel Seeks Financing

Mechel OAO (NYSE:MTL) is talks with banks for restructuring debt and finance the development of Elga coal deposit.

Mechel OAO Extends Maturity of $30 Million in Credit Lines from Raiffeisenbank Until February 2016

Mechel OAO announced that it has extended the maturity of credit lines totaling $30 million from Raiffeisenbank AO till February 2016. Under the terms of the agreement, the outstanding debt will be converted into Russian rubles and pledges remain unchanged.

Mechel OAO(RTS:MTLR) added to RTS Index

Mechel OAO has been added to RTS Index.

 

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MTL Competitors

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Company Last Change
Arch Coal Inc $1.03 USD +0.0358
Asia Resource Minerals PLC 34.00 GBp +7.00
Belon OJSC 3.81 RUB +0.025
Kuzbasskaya Toplivnaya Kompaniya OAO 97.00 RUB 0.00
Magnitogorsk Iron & Steel Works OJSC 14.60 RUB -0.396
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Industry Analysis

MTL

Industry Average

Valuation MTL Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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