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, April 04, 2018 (GLOBE NEWSWIRE) -- Mechel PAO (MOEX:MTLR) (NYSE:MTL), one of the leading Russian mining and metals companies, reports launching Longwall 0-17-16 at V.I. Lenina Underground Mine which is part of Southern Kuzbass Coal Company. The new longwall’s industrial coal reserves are estimated at 650,000 tonnes of valuable coking coal grades. The longwall is 200 meters long, the extraction panel is approximately 800 meters. Mining at the longwall will be conducted by a stoping complex including a stoping machine, a longwall conveyor, a 130-section powered support system and a beam stage loader unit. All equipment is up to modern safety standards. Investment in the project totaled 230 million rubles. “The launched longwall will yield high-quality coking coal with low ash content, which is much in demand both domestically and internationally,” Mechel Mining Management OOO’s Chief Executive Officer Pavel Shtark noted. Mechel PAOEkaterina VidemanTel: + 7 495 221 88 88eka
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