Russian mining/steel/power giant Mechel (MTL) up 16.1% after Prime Minister Vladimir Putin...

|About: Mechel OAO (MTL)|By:, SA News Editor

Russian mining/steel/power giant Mechel (MTL) up 16.1% after Prime Minister Vladimir Putin arranges government support, including urging state banks to buy $313M of the company's bonds and setting potential tax breaks for a coal deposit development that could be Russia's largest. The firm already had debts of $5.8B as of March.