Moscow, Russia – April 3, 2017 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports that Trade Port Posiet AO (managed by Mecheltrans Management Company OOO) was acknowledged by Russia’s Federal Sea and River Transport Agency and Russia’s Sea Trade Port Association (ASOP) as Russia’s Best Stevedore Company based on 2016 results.

In the Industry Leader contest conducted by the Federal Sea and River Transport Agency, Trade Port Posiet AO won the Best Stevedore Company (Sea) nomination. Trade Port Posiet AO also became the laureate of the Best Stevedore Company-2016 contest conducted by Russia’s Sea Trade Port Association (ASOP). ASOP’s expert commission awarded Port Posiet’s coal terminal 47 points out of maximum 50. The appraisal’s criteria included cargo handling growth rates, wagon processing dynamics and quality of customer service.

“We are grateful to the professional community for their high appraisal of Trade Port Posiet AO’s work. Last year our specialized coal terminal reached its project capacity of 7 million tonnes, which means that our throughput went up by 40% compared to 2015. This was made possible by the concerted efforts of all participants in the cargo shipping process and effective cooperation between Russian Railways and the port,” Mecheltrans Management Company OOO’s Chief Executive Officer Alexey Lebedev noted.

Mechel Group’s investments into creating a modern coal terminal totaled some four billion rubles since the technical revamping project was launched. The port’s throughput capacity went up eight times during that time. Trade Port Posiet operates in strict compliance with Russia’s environment laws. One of the project’s chief aims is to minimize the port’s impact on the environment.

TradePortPosiet AO transships coking and steam coal as well as PCI for export to Asia Pacific.

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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com