14 Apr 2010 15:37

Chelyabinsk Metallurgical Plant won

CHELYABINSK. April 14 (Interfax) - Chelyabinsk Metallurgical Plant , a company in the Mechel coal and steel group, will not pay a dividend on ordinary shares for 2009, the company said in a statement.

CHMK posted a net loss of 3.15 billion rubles in 2009. It has not paid a dividend since 2004.

The annual shareholders' meeting will be held on May 20. Shareholders of record on April 6 may participate.

Chelyabinsk Metallurgical is one of the biggest steel mills in Russia. Mechel has consolidated controlling shares in coal and steel companies and a number of ports. It has assets in Russia, Romania and Lithuania. Igor Zyuzin, the chief executive, is the group's main beneficiary. The free float is around 25%.