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Mechel Reports Resumption of Mining at Sibirginsk Mine

Mechel OAO reports that the company has resumed mining at the Southern Kuzbass Coal Company OAO’s Sibirginsk Mine. Mining at the Sibirginsk Mine had been suspended in June 2011 due to coal self-heating in the mined-out area.
 
“Thanks to the efforts of Southern Kuzbass Coal Company OAO’s experts, a lot of work was done on eliminating the reasons for the mine’s suspension in 2011, assembling the new high-performance equipment, ensuring mining safety and resuming production,” commented Mechel Mining Management Company OOO’s Chief Executive Officer Boris Nikishichev.
 
Prior to resumption of mining, the company completed a new mechanized complex at Sibirginsk Mine’s long wall face # 3-1-9, and obtained all required documents for the long wall face’s operations. Mineable reserves of coal at the long wall face are estimated at 1.5 million tonnes, with the breakage face due to produce some 100,000 tonnes monthly.
 
 “Re-launching operations at the mine will allow us to increase production and sales of coking coal, which should have positive impact on this year’s results for the whole of the company’s mining division,” said Nikishichev.
 
Mechel, one Russia’s leading companies, conducts business in four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, nickel, ferrochrome, ferrosilicon, steel, rolled products, hardware, heat and electric power, and its products are marketed domestically and internationally.