Friday, September 21, 2012

Mechel Reports Resumption of Coal Mining at New-Olzherassk Underground Mine

Moscow, Russia — September 20, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that coal mining at Southern Kuzbass Coal Company OAO’s New-Olzherassk Underground has been resumed.
Industrial reserves of coal at the mine’s long wall face 21-1-7 are 350,000 tonnes, with the mining face’s monthly load planned at 150,000 tonnes.
The mining face is equipped with the ZF mechanized complex, Chinese-made MG-400 cutter-loader, Russian-made Anzhera-34 face and rear conveyers, PSP 308 reloader and DU 910 crusher, which enables it to conduct mining using a high-efficiency technology for thick seam mining. The long wall face is also equipped with everything necessary to ensure industrial safety.
Mining at New-Olzherassk Underground were suspended on February 27, 2012, due to coal self-heating in the worked-out area of the long wall face 21-1-7.

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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