Tuesday, July 17, 2012

Mechel Reports Resumption of Work at V.I. Lenina Underground Mine

Moscow, Russia — July 16, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports that work at V.I. Lenina Underground mine facilities was resumed fully.
Administrative suspension of mining at V.I. Lenina underground mine was lifted today by the Mezhdurechensk city court as the company met all the requirements set out by the Federal Agency for Ecological, Technological and Nuclear Monitoring and eliminated all violations ahead of schedule.
At present coal mining, headwork and operations at all of the mine’s auxiliary facilities are fully resumed and operating as normal.

Mechel is one of the leading Russian companies. Its business includes four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, nickel, ferrochrome, ferrosilicon, steel, rolled products, hardware, heat and electric power. Mechel products are marketed domestically and internationally.

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