Mechel OAO estimated the total amount of capital investments to address environmental concerns at its various subsidiaries was US$39,724,000 as of Dec. 31, 2009, according to the Company’s annual report filed on April 26, 2010 with the Securities and Exchange…
Mechel OAO estimated the total amount of capital investments to address environmental concerns at its various subsidiaries at US$40,111,000 as of Dec. 31, 2008.
These amounts are not accrued in the consolidated financial statements until actual capital investments are made.
Moscow-based Mechel…
Mechel OAO, as of Dec. 31, 2008, has not created any reserves for environmental liabilities and compliance costs, other than an accrual in the amount of US$71.6 million for asset retirement obligations, consistent with U.S. GAAP requirements.
Also, in the course,…