Mechel - Yakutugol, Southern Kuzbass Gres (Paperback)

Chapters: Yakutugol, Southern Kuzbass Gres. Source: Wikipedia. Pages: 18. Not illustrated. Free updates online. Purchase includes a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: Mechel (Russian: ) (RTS: MTLR, NYSE: MTL, NYSE: MTLPR) is one of Russias leading mining and metallurgical companies, producing coal, iron ore, nickel steel, rolled steel products, hardware, heat and electric power. Headquartered in Moscow, the company operates facilities in Russia, Romania, Lithuania, Kazakhstan, Bulgaria, and the United States. The company was incorporated on March 19, 2003. Its American Depositary Shares and ADS preferred stock are traded on the New York Stock Exchange. As of May 24, 2010, Mechel has a stable corporate family rating of "B1" as well as a "B1" probability of default rating, both assigned by Moody's. Russia United States Russia Romania Lithuania Russia Kazakhstan Russia Bulgaria Sales Transportation Additionally, Mechel operates three port facilities: Mechel's stock plunged by almost 38 percent on July 24, 2008 after Russia's Prime Minister Vladimir Putin criticized its CEO Igor Zyuzin, and accused the company of selling resources to Russia at higher prices than those charged to foreign countries. The comments, which raised fears of another attack similar to that made on Yukos in 2004, contrasted sharply with previous efforts by President Dmitry Medvedev to improve Russia's reputation as an investor-friendly country. On the following day, July 25, the company issued a contrite statement promising full cooperation with federal authorities, while share values rebounded by nearly 15 percent. Presidential aide Arkady Dvorkovich also sought to restore calm on July 28, declaring that all parties would "act in a civilized way," and confirming that Mechel was cooperating with antitrust authorities. Just hours later, however, Putin announced that...More: http: //booksllc.net/?id=71995