Mechel Reports Launch of New Longwall at Southern Kuzbass
Mechel PAO American Depositary Shares (Each rep. 1 common shares) (MTL)
US:NYSE Investor Relations:
mechel.com/shareholders/report/20f
Company Research
Source: GlobeNewswire
MOSCOW, Aug. 22, 2019 (GLOBE NEWSWIRE) -- Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports launching Longwall 0-17-18 at V.I. Lenina Underground Mine, which is part of Southern Kuzbass Coal Company. The new longwall’s industrial coking coal reserves are estimated at 560,000 tonnes. The longwall is 190 meters long, with an average seam height of three meters, the extraction panel is approximately 730 meters. The longwall is equipped with a 130-section powered support system, a cutter-loader, a burr mill, a pitcar loader and a longwall conveyor. All equipment is up to modern safety standards. Investment in the project totaled approximately 400 million rubles. “The new longwall’s launch will enable us to drastically increase the mine’s output capacity and coking coal mining volumes. The monthly load is planned at 70-80,000 tonnes. The coal will be supplied to Russian and foreign steelmakers,” Mechel Mining Management OOO’s
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