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Mechel Announces Key Accomplishments at Yakutugol
08/30/2011 - Mechel OAO has reached full production capacity at the Nerungrinskaya processing plant of Yakutugol Holding Co. OAO. The company also received permission to launch the first stage of the open pit development at the Elga Coal Complex.
Mechel OAO has reached full production capacity at the Nerungrinskaya processing plant of Yakutugol Holding Co. OAO. In July, the Nerungrinskaya washing plant processed 783,000 tonnes of coking coal and produced 536,000 tonnes of concentrate and 197,000 tonnes of middlings—the highest monthly results the plant has achieved in its 26-year history.
The company also achieved more success in construction of Elga Coal Complex, a subsidiary of Yakutugol Holding. Sakha Republic’s Agency for Use of Mineral Resources gave permission to launch the first stage of the open pit development at the Elga deposit.
Separately, construction of the Ulak-Elga railway link was completed up to the 209-km point ahead of schedule. A coal reloading facility at this site will allow the company to ensure shipments of Elga coal by trucks until the railway is completed.
As previously announced, annual production capacity at Elga Coal Complex will reach 27 million tonnes by 2021 according to the subsoil license’s conditions. With that production volume, the saleable production at Elga is expected to be over 8 million tonnes of high-quality coking coal concentrate, about 5 million tonnes of steam coal concentrate produced from oxidized coal, and about 6 million tonnes of middlings, which are a byproduct of the coking coal washing process and are used for the power industry’s needs.
Mechel is one of the leading Russian mining and metals companies. Its business includes four segments: mining, steel, ferroalloy and power. The company unites producers of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled products, hardware, heat and electric power. Its products are marketed domestically and internationally.
