Mechel Starting New Production At Korshunov Mining Plant

Mechel OAO, one of the leading mining and metals companies, announces starting production for repair of type 2 BC-105 dump cars at its Korshunov Mining Plant OAO subsidiary and obtaining a permit for the repaired dump cars to be used at railways of Russia. To establish the production reconstruction of repairs and mechanics shop was performed, high technology equipment was purchased, and the staff... 

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Mechel Announces Signing a Coking Coal Supply Contract

Mechel OAO, one of the leading Russian mining and metals companies, announces that its Mechel Trading AG subsidiary has signed a long-term coking coal supply contract with South Korean Hyundai Steel. In February 2009, visiting South Korea as a member of the Russian delegation headed by the Russian Federation Deputy Prime Minister Igor Sechin, Mechel OAO Chief Executive Officer Igor Zyuzin signed the... 

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Mechel Announces New Welded Mesh Production Line in Moscow Region

Mechel OAO, one of the leading Russian mining and metals companies, announces the launch of welded mesh production by its Mechel Service OOO service and sales subsidiary in Moscow Region. In the beginning of May 2009, Mechel Service has commissioned an automated line to manufacture welded meshes in the Town of Vidnoye, Moscow Region. The production was set up on the territory of a reconstructed workshop... 

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Mechel Announces Deal to Acquire Coking Coal Assets of Bluestone Coal Corp.

Mechel OAO, one of the leading Russian mining and metals companies, announced that its subsidiaries have closed the acquisition, which was reported on April 22 2009, of U.S. entities Bluestone Industries, Inc., a West Virginia corporation, Dynamic Energy, Inc., a West Virginia corporation, JCJ Coal Group, LLC, a Delaware limited liability company and some of its West Virginia affiliates, privately-held... 

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Mechel Announces Opening of Credit Facilities in the Amount of US$1 Billion by Gazprombank

Mechel OAO, one of the leading Russian mining and metals companies, announced that its subsidiaries have been provided with lines of credit totaling US$1 billion from Gazprombank OAO. Gazprombank Open Joint-Stock Company has opened credit lines totaling US$1 billion for Mechel’s subsidiaries. Credit facilities provided will be used mainly for short-term debt repayment. The credit facilities provided... 

Mechel Announces Progress in Constructing the Railway Spur Track to the Elga Coal Deposit

Mechel OAO announces that its Yakutugol HC OAO coal mining subsidiary continues active operations in constructing the road to the Elga coal deposit. The total length of the railroad will be more than 315 kilometers. At present, traffic is possible from the Ulak station towards the Elga deposit up to the 270th km. In addition, 80 km of the access motor road have been repaired, 143 km of motor roadbed... 

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Russian Metals and Mining Giants Lobby for Massive Merger

Severely weakened by the economic crisis, Russia’s top metals producers are embracing a proposal to merge into one massive company. The merger, which is subject to state approval, would make the industry less vulnerable to the rapid shifts in demand that characterize economic downturn. But while the metals giants agree on the basic plan, they differ about how much government support is needed. Alisher... 

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Mechel Obtains Credit Lines From VTB Bank

Mechel OAO, one of the leading Russian mining and metals companies, announces that VTB Bank has provided the Company with credit lines in the amount of 15 billion rubles (approximately US$560 million). VTB Bank has opened one-year credit lines totaling 15 billion rubles for Yakutugol OJSHC, Southern Kuzbass Coal Company OAO and CMK OAO, subsidiaries of Mechel. The credit facilities will be used to... 

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Mechel Attends Metal Expo’ 2008 Annual Exhibition

Mechel OAO, one of the leading Russian mining and metals companies, attended the 14th annual Metal Expo’ 2008 international specialized exhibition held at the Crocus Expo International Exhibition Center in Moscow, Russia on November 11-14, 2008. The Metal Expo’ 2008 exhibition featured the products and achievements of more than 700 companies from 30 countries worldwide in metals and steel... 

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Mechel Signs Contract With Minmetals To Construct Rail and Structural Steel Mill

Mechel OAO, one of the leading Russian mining and metals companies, announces that it has signed a contract with Minmetals, one of China’s largest state-owned industrial corporations, to construct a rail and structural steel mill at its Chelyabinsk Metallurgical Plant OAO subsidiary. The commercial agreement, signed today, is the first in accordance with the Memorandum of Intent signed between... 

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