Press Releases

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

16July2012
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.

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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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Some of the information in this press release may contain projections or other 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.

 

16.07.2012

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