OREANDA-NEWS. Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports receipt of the notice for introduction of a temporary state administration at the integral property complex of the Private Joint-Stock Company “Donetsk Electrometallurgical Plant” which is part of Mechel Group, the company’s press service reported.

The Decree №12 dated June 25, 2016 and signed by A.V. Zakharchenko, chairman of the Council of Ministers of the self-proclaimed Donetsk People’s Republic, announces institution of a temporary state administration at the integral property complex of the Private Joint-Stock Company “Donetsk Electrometallurgical Plant” (DEMZ) as well as creation of a state-owned entity “Yuzovsky Metallurgical Plant” on its base with all of DEMZ’s property to be transferred for the newly created enterprise’s use.