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Mechel signed memo with SG Global.

Mechel signed a memo on cooperation with SG Global (South Korea), the company informed.

In line with a memo Mechel Group is going to deliver 2.8mln ton of coal/y to SG Global divisions through Mechel Carbon Singapore. In particular, 1.5mln ton from Elginskoe field to SG Global power station and one million ton of energetic coal to Tongyang Cement & Energy as SG Global sub which is a leader in the building sector of South Korea.

Mechel (TIN 7703370008) is one of the leading Russian companies. It involves 4 sectors: mining, metallurgic, ferroalloys and energetic. It includes producers of the coal, ore concentrate, nickel, steel, rolled products, heat and electric energy. Its products are sold on the Russian and foreign markets.

The 2013 net losses (US GAAP) rallied up 75.86% to $2.928bn from $1.665bn prior year; revenues from sales declined 19.33% to $8.576bn from $10.631bn; operating losses increased 25.06% to $529mln from $423mln in profit; corrected EBITDA halved to $730mln from $1.471bn; EBITDA margin coming to 8.51% from 13.84%.

The IQ 2014-net losses (RAS) increased 25.53% to 4.474bn rub. from 3.564bn rub. prior year; revenues moved up 2.53 fold to 1.512bn rub. from 598.716mln rub.; profit from sales declined 21.18% to 248.335mln rub. from 315.047mln rub.; pretax losses being up 28.57% to 4.532bn rub. from 3.525bn rub

"AK&M", 29.07.2014


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