13 Dec 2011 16:37

Mechel to release Jan-Nov US GAAP report Dec 15

MOSCOW. Dec 13 (Interfax) - The Mechel group will be releasing its US GAAP financial report for January-November on December 15, a company statement says.

A consensus forecast of the company's financials produced from a survey of leading investment companies and banks will be published the day before.

Mechel produced 4% less run-of-mine coal during the nine months - 19.814 million tonnes in all. Concentrated coking coal sales were up 14% at 9.13 million tonnes for the period.

The Mechel group has consolidated controlling stakes in coal, steel and iron ore companies and a number of ports. General Director Igor Zyuzin is Mechel's chief beneficiary. The ADR free float is around 30%.