Commercial reserves of coking coal in the new longwall are estimated at 560 thousand tons. The average thickness of the seam being pulled out is three meters, the length of the working face is 190 meters, the length of the excavating column is 730 meters.
The lava is equipped with 130 sections of powered support, a shearer, as well as a crusher, reloader, and face conveyor. All equipment used meets modern safety requirements.
The investments amounted to about 400 million rubles.
“The commissioning of the new longwall will significantly increase the mine's production capacity and increase the volume of coking coal mined. The monthly load on the working face is planned at the level of 70-80 thousand tons. The products will be supplied to Russian and foreign metallurgical enterprises, "said Igor Khafizov, General Director of Mechel Mining Management Company LLC.
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Mechel PAO Ekaterina Videman Tel .: + 7-495-221-88-88ekaterina.videman@mechel.com
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Mechel is a global mining and metals company. The company's products are supplied to Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electricity. All businesses operate in a single production chain: from raw materials to high value-added products.
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Certain statements in this press release may contain assumptions or predictions about future events or the future financial performance of Mechel PAO in accordance with the provisions of the 1995 US Securities Litigation Reform Act. We would like to caution you that these statements are only assumptions and the actual course of events or results may differ materially from those stated. We do not intend to revise or update these statements. We refer you to the documents that Mechel periodically submits to the US Securities and Exchange Commission, including the Form 20-F annual report. These documents contain and describe important factors, including those identified in the "Risk Factors" section and "Note on the forecasts contained in this document" in Form 20-F. These factors could cause material differences between actual results and our assumptions and forecasts regarding upcoming events, including but not limited to achieving the anticipated level of profitability, growth, cost and effectiveness of our recent acquisitions, the impact of competitive pricing, the ability to obtain the necessary regulatory approvals and confirmations. the state of the Russian economy, the political and legal environment, volatility of stock markets or the value of our shares or ADRs, financial risk management and the impact of the general business situation and global economic conditions.
08/22/2019
