(EnergyAsia, July 5 2011, Tuesday) — Mechel OAO, an NYSE-listed Russian mining and metals group, said it sharply boosted net income and revenue for the first quarter of 2011 over the same period last year.Its Q1 income surged more than 3.74 times to US$309.1 million while its revenue climbed 54.4% to US$2.93 billion.Mining revenue for…
RUSSIA: Mining giant Mechel reports Q1 net income of US$309 million on revenue of US$2.9 billion
Posted on July 5, 2011 by EnergyAsia