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The net loss of Mechel by US GAAP decreased in the first half more than three times
Mechel's US GAAP net loss more than tripled in the first half of the year to $ 648 million against $ 2,12 billion in January-June 2013. EBITDA fell 38% to $ 250 million, the company's press service reported.
In the first half of the year, the company reduced its capital expenditures by 24% to $ 276 million. Including $ 244 million invested in the mining segment, $ 30 million for the metallurgical segment and $ 2 million for the energy segment. Most of the investment went to the development of the Elgin coal project in Yakutia.