(EnergyAsia, April 2 2013, Tuesday) — Mechel OAO, a leading Russian mining and metals company listed on the New York Stock Exchange, last month celebrated the 10th anniversary of its founding.
Mechel, which started with a few production assets including Chelyabinsk Metallurgical Plant and Southern Kuzbass Coal Company, now comprises some 30 producers of coal, iron ore , steel, rolls, high value-added products, ferroalloys, heat and electricity.
Today, the company said it is one of the world’s top three coking coal producers, as well as Russia’s top producer of coking coal concentrate and third largest producer of run-of-mine coal. It claims to control over a quarter of Russia’s coking coal washing capacities.
Mechel OAO’s CEO Evgeny Mikhel said:
“Over the past decade, Mechel has (become) not only one of Russia’s leading producers of coal, rolls and hardware, but also one of the world’s top coking coal producers. Thanks to us, many major enterprises survived the hardest crisis years.
“Now, we can tackle such large-scale endeavours, (such as) developing the Elga deposit, whose coking coal reserves are among the world’s largest, and a 321-km railway.
“We are also close to completing the construction of the universal rolling mill which will make Russia one of the world’s few countries producing 100-meter rails for high-speed railways. Our projects not only create thousands of jobs, but also make a major contribution to development of Siberia and the Far East, increasing the Russian economy’s strength and prosperity.”