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, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports launching Longwall 21-1-11 at Olzherasskaya Novaya Underground Mine which is part of Southern Kuzbass Coal Company. The new longwall’s industrial coal reserves are estimated at 3.6 million tonnes. The longwall is 200 meters long, the extraction panel is approximately 1,660 meters. Mining at the longwall will be conducted by a stoping complex including a 135-section powered support system, a high-performance cutter-loader, a breaker, a loader, a longwall and a goaf conveyor. Investment in the project totaled 270 million rubles. Miners at Olzherasskaya Novaya Underground’s Longwall 21-1-11 use a special sub-level caving method, which enables thick seam mining in one coal layer of up to 10 meters, extracting maximum volumes of coal in one go while decreasing the risk of breeding fire. This technology was proved most efficient in these ge
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