print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Mechel press releases

Mechel

January 18, 2013

Mechel reports selling part of controlling stake in Vanino Sea Trade Port OAO to investors

Moscow, Russia – January 18, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports selling a part of its earlier acquired controlling stake in Vanino Sea Trade Port OAO to investors.

In line with the conditions for the financing of the acquisition of 55% (73,33% of common shares) of Vanino Sea Trade Port OAO's share capital, Mecheltrans OOO sold a part of the port’s common shares to Russian and foreign investors, retaining some 1.5% of the enterprise’s common shares. Investors are not interested in transhipping their products through Port Vanino, which will enable Mechel to use the port’s entire capacity in the company’s interests.

Port Vanino has already begun shipping Mechel’s cargo. The first vessel carrying 30,000 tonnes of Yakutugol Holding Company OAO’s coal products has left port. Today another vessel, which will carry 40,000 tonnes of Yakutian coals, is being loaded at the port.

Access to Port Vanino’s transhipment capacities significantly enhances Mechel’s export potential in Asia and the Pacific and ensures guaranteed sales volumes for the Group’s coal products from Southern Kuzbass Coal Company OAO and Yakutugol Holding Company OAO, taking into account the Elga deposit development.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer