Mechel

Korshunovsky GOK made net profit in the amount of almost 6 billion rubles in 2019

In 2019, the net profit of Korshunovsky GOK (part of Mechel) increased 2.5 times and amounted to 5.92 billion rubles.

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In 2019, Bratsk ferroalloy plant increased product sales by 57%

In 2019, Bratsk ferroalloy plant (BZF, part of Mechel group) increased sales of FS75 ferrosilicon by 57% compared to 2018. The volume of the sales amounted to more than 30 thousand tons.

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Izhstal increases production of high-margin products

Izhstal (part of Mechel) increased shipment of high-value-added products in 2019.

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Elginskoye field is waiting for a buyer

A-Property, the structure of Yota founders Albert Avdolyan and Sergey Adonyev, is going to completely buy the Elginsky coal deposit from Mechel and Gazprombank.

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Korshunovsky GOK produced 2.5 million tons of iron ore concentrate in 2019

In 2019, Korshunovsky GOK (part of Mechel) increased production of iron ore concentrate by 24% and produced 2.5 million tons of products.

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Mechel refuses share in Elga. Now it can be purchased by founders of Yota

Igor Zyuzin's Mechel has refused preemption right to buy out its share in the Elginsky coal project, which was sold to a bank in 2016.

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Russia's largest steel company's reduce production in 2019

The largest Russian metallurgical companies NLMK, MMK and Severstal reduced steel production in 2019 due to weak demand in foreign markets, which was not fully offset by an increase in metal consum

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Mechel cedes control of Elga coal deposit

The main owner of Mechel, Igor Zyuzin, decided to cede control in the Elginsky coal deposit in Yakutia, one of the largest coal deposits in the world (reserves of 2.2 billion tons of coking coal),

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Mechel jeopardize Elga investment project

Mechel may lose tax preferences for the Elginskoye coal deposit (Yakutia) due to non-fulfillment of the terms of an investment contract.

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Southern Kuzbass produced more than a million tons of coal in November

In November 2019, more than 1 million tons of coal were produced at mines of Southern Kuzbass coal company (part of Mechel group).

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