MECHEL REPORTS RUSSIAN RAILWAYS OAO PRESIDENT VLADIMIR YAKUNIN’S VISIT TO ELGA
COAL COMPLEX
Neryungri, Russia — September 13, 2012 — Mechel OAO (NYSE: MTL), one of the
leading Russian mining and metals companies, reports that Russian Railways OAO’s
President Vladimir Yakunin visited Elga Coal Complex’s facilities.
During the working visit, Russian Railways OAO’s President Vladimir Yakunin,
together with Chairman of Mechel OAO’s Board of Directors Igor Zyuzin and
Yakutugol Holding Company OAO’s managing director Igor Khafizov toured the
facilities of the railway linking the Elga coal deposit with Baikal-Amur
Mainline’s Ulak station, and examined construction progress at Elga Coal
Complex.
Russian Railways’ president voiced high appreciation of the work conducted at
the site and noted Mechel’s investment into developing transport infrastructure
in Russia’s Far East.
The railway’s construction was one of the hardest and most important stages in
developing the Elga coal deposit. Apart from its complexity and scale, this
project is unique for the Russian mining industry in that it was implemented by
a privately-owned company.
The railway was opened to traffic in December 2011. It was constructed in harsh
geological and climatic conditions. The railroad includes 76 bridges, 370
hydroengineering facilities, passing loops, locomotive depots, and a reloading
complex. Besides, a highway was built along the railway. The volume of ground
and excavation works totals some 80 million cubic meters.
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Mechel OAO
Maria Kolmogorova
Phone: + 7 495 221-88-88
maria.kolmogorova@mechel.com
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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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forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions and that actual events or results may
differ materially. We do not intend to update these statements. We refer you to
the documents Mechel files from time to time with the U.S. Securities and
Exchange Commission, including our Form 20-F. These documents contain and
identify important factors, including those contained in the section captioned
“Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our
Form 20-F, that could cause the actual results to differ materially from those
contained in our projections or forward-looking statements, including, among
others, the achievement of anticipated levels of profitability, growth, cost and
synergy of our recent acquisitions, the impact of competitive pricing, the
ability to obtain necessary regulatory approvals and licenses, the impact of
developments in the Russian economic, political and legal environment,
volatility in stock markets or in the price of our shares or ADRs, financial
risk management and the impact of general business and global economic
conditions.