Press Releases

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Mechel announces the commissioning of the 2nd line of the new sinter plant at Chelyabinsk Metallurgical Plant

Moscow, Russia – September 6, 2005 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the startup of the second line of the new sinter plant at its subsidiary, Chelyabinsk Metallurgical Plant.

Mechel reports its operational results for the first half of 2005

Moscow, Russia – August 26, 2005 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reported today its operational results for the first half of 2005.

Mechel announces results for the first quarter of 2005

Moscow, Russia - August 18, 2005 - Mechel OAO (NYSE: MTL), a leading Russian integrated mining and steel group, today announced results for the first quarter ended March 31, 2005.

Mechel announces staff changes

Moscow, Russia – July13, 2005 – Mechel OAO (NYSE: MTL) today announced that Svetlana Ardentova, its Chief Financial Officer, will be leaving the company by mutual agreement.

Mechel announces the appointment of a new General Director of Chelyabinsk Metallurgical Plant

Chelyabinsk, Russia – June 30, 2005 – The Board of Directors of Chelyabinsk Metallurgical Plant, a subsidiary of Mechel, appointed Sergey Malyshev, who has more than 20 years of experience in the field of economics and finance, to the position of General Director.

Mechel holds its Annual General Shareholders’ Meeting

Moscow, Russia – June 28, 2005 – Mechel OAO (NYSE: MTL) announces results of its Annual General Shareholders’ Meeting.

Mechel announces change in its full corporate name

Moscow, Russia – June 28, 2005 – Mechel OAO (NYSE: MTL) announces the change of its full corporate name to Mechel Open Joint Stock Company.

Mechel 2004 full year results conference call to be broadcast over the Internet

Moscow, Russia — June 27, 2005 — Mechel OAO (NYSE: MTL) announces that it intends to release its results for the full-year period ending December 31, 2004 on Monday, June 27, 2005.  In conjunction with this release, Mechel will host a conference call, which will be simultaneously broadcast live over the Internet.  Vladimir F. Iorich, Chief Executive Officer of Mechel OAO, and Svetlana V. Ardentova, Chief Financial Officer, will host the call.

Mechel wins additional coking coal license areas

Kemerovo, Russia – June 24, 2005 – Southern Kuzbass Coal Company, a subsidiary of Mechel, has won auctions for the right to explore and mine coking coal at three plots with total reserves of 888 million tonnes, according to Russian reserve valuation standards.