On April 17, 2008, Mechel OAO (NYSE: MTL), Moscow, announced the completion of the recommended cash offer for the entire issued ordinary share capital of Oriel Resources Plc wholly unconditional.
Mechel is one of the leading Russian companies. Its business includes three segments: mining, steel, and power. Mechel unites producers of coal, iron ore concentrate, nickel, steel, rolled products, hardware, heat and electric power. Mechel products are marketed domestically and internationally.
