print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Mechel press releases

Mechel

March 9, 2017

Yakutugol launches open mining at Dzhebariki-Khaya

Neryungri, Russia – March 9, 2017 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports launching open coal mining at Dzhebariki-Khaya open pit in Yakutia. The deposit is worked by Yakutugol Holding Company AO, which is part of Mechel Group.

The facility has been implementing the program of shifting to open coal mining for several years in joint effort with the Republic of Sakha (Yakutia)’s administration. Open mining is more profitable and safe than underground mining. Mining at the deposit has great social importance as the company supplies its steam coal to housing and utilities providers in 16 of the republic’s regions, including those beyond the Arctic Circle.

In summer 2016, underground mining was completely halted at the deposit and stripping works began, with nearly half a million cubic meters of overburden removed from the coal bed.

All necessary equipment for open pit mining, including an Atlas Copco drill rig, excavators, a Liebherr tracked bulldozer, BelAZ trucks and ancillary equipment, has been acquired for the pit. As the volume of mining and overburden works at the pit increases, more equipment will be brought in.

The facility’s personnel has undergone conversion training in new skills for working with the new mining and conveyor equipment.

“The open pit’s project capacity is 320,000 tonnes annually. It will enable us to fully meet the fuel needs of Yakutia’s northern and central regions,” Mechel Mining Management OOO’s Chief Executive Officer Pavel Shtark noted.

***

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

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer