Tag «Coal»

Index of Core Eight – Core Sector Performance

The Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP).  The combined Index was 151.2 in October 2012 with a growth rate of 6.5% compared to their 0.4% growth in October 2011. The modest growth in October, 2012 was on account of double digit growth witnessed in the …

Mechel Reports Temporary Suspension of Steelmaking Facilities in Romania and Ukraine

Moscow, Russia – November 23, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports temporary halting of production facilities at Donetsk Electrometallurgical Plant (DEMZ), which is part of Mechel’s steel division, and the schedule for temporary suspension of production at the group’s Romanian steelmaking facilities that are part …

Centre to consider Punjab demands for more Coal

The Government is making all efforts to increase availability of Coal for the Power Sector and Coal India has been directed to give top priority to this. The Ministry of Coal will consider request of Punjab Government to ensure more coal for its Power Plant. This was conveyed by Shri Sriprakash Jaiswal to the Chief …

Mechel Reports 9M 2012 Operational Results

Moscow, Russia – October 29, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces 9M 2012 operational results. Production and sales for 9M 2012 Production: Product name 9M 2012, thousand tonnes 9M 2011, thousand tonnes  9M 2012 vs 9M 2011, % Coal (run-of-mine) 20,794 19,813 +5 Pig iron 3,107 2,672 +16 Steel …

Coal Production Records 9 Percent Increase

Coal production in the country has registered record increase during the last two quarters. Coal off-take has also recorded significant growth during this period while coal supply to Power Sector during  April to Oct 2012 has increased by 12 percent. With these efforts the Coal India would be able to achieve highest ever production target during this year. This was stated …

Mechel Announces Obtaining 24-Billion-Ruble Loan

Moscow, Russia – October 15, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports signing long-term agreements with Sberbank of Russia OAO on opening several credit lines to Southern Kuzbass Coal Company OAO for a total of 24 billion rubles. Sberbank of Russia OAO opened four credit lines …

Mechel Wins Award for Developing Elga Coal Deposit

Moscow, Russia – October 12, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that its subsidiary Mechel Mining OAO won the Minex-2012 Mining Excellence Award’s Investor of the Year nomination for implementing the project on development of the Elga coal deposit. The award committee’s independent experts evaluated …

Mechel Announces Signing Cooperation Agreement with Russia’s Economic Development Ministry

 Moscow, Russia – October 12, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports signing an agreement with the Russian Federation’s Economic Development Ministry for cooperation aimed at support and development of the Group’s external economic operations. Within this agreement’s framework, the Economic Development Ministry will lend its …

Forthcoming Conferences

35th Annual Coal Marketing Days The Seminal Coal Buyers/Sellers Event Date: September 20–21, 2012 Venue: Omni William Penn Hotel, Pittsburgh, Pennsylvania coal@platts.com 2nd Annual SBB Steel Raw Materials Europe 2012 Date: September 27-28, 2012 Venue: Hilton Amsterdam • Amsterdam, Netherlands support@platts.com     32nd Coaltrans World Coal Conference Date: 14 – 16 October 2012 Venue: …