Yakutugol

Yakutugol

Press releases

Mechel announces that it has submitted a proposal to Russian Railways OAO related to Yakutugol and the development of the Elga coal deposit

Moscow, Russia — March 2, 2006 — Mechel OAO (NYSE: MTL) announces that, in response to a request for proposals from Russian Railways OAO, it has submitted a non-binding proposal regarding Yakutugol and the development of the Elga coal deposit in Yakutia.

Mechel announces that it has won the auction for privatization of a blocking stake in Yakutugol

Yakutsk, Russia – January 24, 2005 – Mechel has won an auction for the sale of ordinary shares in Open Joint Stock Holding Company Yakutugol that constitute 25 % + 1 share of the company's Charter capital.