Open / Close Advertisement

Mechel Reports on Construction of Rail Spur to the Elga Coal Deposit

10/13/2008 - Mechel OAO reports on progress of construction of the railway spur track to the Elga coal deposit during a recent working meeting at its Yakutugol OAO coal mining subsidiary.

Mechel OAO recently held a working meeting at its Yakutugol OAO coal mining subsidiary to discuss matters related to construction of the railway spur track to the Elga coal deposit. Participants in the meeting included the Republic of Sakha (Yakutia) President, Vyacheslav Shtyrov, as well as representatives of Mechel's subsidiaries, Mechel Mining and Yakutugol OAO, and Transstroy Engineering Corp.
 
During the meeting, Alexander Dudnikov, the Yakutia Branch Director of Transstroy Engineering Corp., made a detailed report on the progress of the access road and the railroad bed construction.
 
Mechel Mining OAO CEO Igor Khafizov also provided information on the progress of the Elga project, noting that all the tasks in constructing the access road to the Elga deposit set for 2008 were completed. Mechel, together with the general contractor, is currently considering the plans for 2009.
 
Large-scale engineering and exploration is ongoing at the future open pit mine, which is scheduled to commence trial coal mining in 2009. The design process also includes utilization of the Yakutian experts' scientific experience. In the presentation Igor Khafizov highlighted that environmental matters would be given priority in the deposit development.
 
"Next year will be the most complex and important stage of the project," said Igor Khafizov. “We are pleased that such a large-scale project as construction of the Elga complex has received the attention of the state.
 
“Our meeting with Mr. Shtyrov indicates that the President of Yakutia is interested in successful implementation of the project, which is important for the social and economic development of the region,” added Khafizov.
 
Mechel, one of the leading Russian mining and metals companies, unites producers of coal, iron ore, nickel, steel, rolled products, and hardware. Its business includes three segments—mining, steel, and power—and its products are marketed domestically and internationally.