Press Releases

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Mechel Signs Contract with Minmetals to Construct Rail and Structural Steel Mill

Moscow, Russia – October 29, 2008 – Mechel OAO (NYSE: MTL), 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.

Mechel Signs Memorandum of Intent with Minmetals

Moscow, Russia – October 28, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that it has signed a Memorandum of Intent with Minmetals, one of China’s largest state industrial corporations.

Mechel Establishes East-European Steel Division

Targoviste, Romania – October 27, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the establishment of its East-European Steel Division on the bases of its Romanian steel subsidiary, Mechel Targoviste.

Mechel Acquires New Equipment to Develop the Elga Coal Deposit

Neryungri, Russia – October 20, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that its Yakutugol OAO coal mining subsidiary has entered into a contract to acquire mining equipment for developing the Phase 1 pit to begin development of the Elga coal deposit.

Mechel Announces Transfer of Its Shares onto RTS A2-Level Quotation List

Moscow, Russia – October 17, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the transfer of its ordinary registered book-entry shares listed on the RTS stock exchange onto the A2-level quotation list.

Mechel Reports Its Operational Results for the First Nine Months of 2008

Moscow, Russia – October 16, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announced today its operational results for the first nine months of 2008.

Mechel Holds Working Meeting at Its Yakutugol OAO Coal Mining Subsidiary

Neryungri, Russia – October 10, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that a working meeting was held at its Yakutugol OAO coal mining subsidiary on October 8, 2008. Participants in the meeting were the Republic of Sakha (Yakutia) President, Vyacheslav Shtyrov, as well as representatives of Mechel’s subsidiaries, Mechel Mining and Yakutugol OAO, and Transstroy Engineering Corporation. The purpose of the meeting was to discuss matters related to construction of the railway spur track to the Elga coal deposit.

Mechel OAO Announces Inclusion of Its Shares On Micex Quotation List

Moscow, Russia – October 9, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces inclusion of its ordinary registered book-entry shares on MICEX quotation list V.

Mechel Announces Appointment of New Managing Director at Its Trade Port Posiet OAO Subsidiary

Moscow, Russia – October 1, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the appointment of Igor I. Prischepov as a Managing Director at its Trade Port Posiet OAO subsidiary.

Mechel Acquires New Komatsu Dump Trucks at its Yakutugol OAO Coal Subsidiary

Neryungri, Russia – September 30, 2008 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the acquisition of three Komatsu AFE 830Е mine dump trucks at its Yakutugol OAO coal mining subsidiary as part of its capital investment program.