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Mechel Announces Management Changes at Mechel Bluestone



Mechel Announces Management Changes at Mechel Bluestone

MOSCOW, March 7, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the
leading Russian mining and metals companies, announces the appointment of a
new Chief Executive Officer at Mechel Bluestone.

In March 2013, Stephen Douglas Williams was appointed Mechel Bluestone's Chief
Executive Officer, replacing Tom Lusk.

Mechel Mining Management Company OOO's Chief Executive Officer Boris
Nikishichev commented:

"Tom Lusk's professionalism and excellent knowledge enabled us to successfully
go through the transition period and overcome many difficulties. We are
wholeheartedly grateful to him for his help and hard work. Stephen Douglas
Williams has extensive experience and has proved himself to the market as a
first-class specialist and skilled manager. Besides, he has worked at Mechel
Bluestone since January as chief operating officer, which enabled him to delve
deeply into the company's business processes. We are sure that he will make
Mechel Bluestone even more successful and efficient."

Prior to his appointment, since January 2013 Mr. Williams was Chief Operating
Officer at Mechel Bluestone. Before that, since August 2010 he was senior vice
president and chief operating officer at Natural Resources International
(Barclays Natural Resources). In 2009-2010, he was chief operating officer at
INR Energy, LLC. In 2008-2009, he was senior vice-president for mining at
Cliffs North American Coal. In 2003-2007, he was vice-president and general
manager at Pinnacle Mining Co., LLC. In 2002-2003, he was general manager for
Asia/Pacific at CNX Australia. In 1999-2002, he was first assistant mine
superintendent and then mine superintendent at VP 8 Mine, Island Creek Coal
Company (CONSOL Energy). In 1993-1999, he worked as attorney-at-law at Steptoe
and Johnson, P.L.L.C. In summers of 1991 and 1992, he worked as assistant
contract mine coordinator at Catenary Coal Company. Before that, in 1988-1990,
he was longwall coordinator at Humphrey Mine, Consolidation Coal Company. In
1985-1988, he worked first as project engineer and then as production foreman
at Osage and Arkwright Mines, Consolidation Coal Company.

Mr. Williams graduated from West Virginia University's College of Mineral and
Energy Resources with a bachelor's degree in engineering of mines. He also
holds a doctorate of jurisprudence from West Virginia University's College of
Law.

Mechel is one of the leading Russian companies. Its business includes 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. Mechel products are marketed
domestically and internationally.

The Mechel OAO logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8181

Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions and that actual events or results may
differ materially. We do not intend to update these statements. We refer you
to the documents Mechel files from time to time with the U.S. Securities and
Exchange Commission, including our Form 20-F. These documents contain and
identify important factors, including those contained in the section captioned
"Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in
our Form 20-F, that could cause the actual results to differ materially from
those contained in our projections or forward-looking statements, including,
among others, the achievement of anticipated levels of profitability, growth,
cost and synergy of our recent acquisitions, the impact of competitive
pricing, the ability to obtain necessary regulatory approvals and licenses,
the impact of developments in the Russian economic, political and legal
environment, volatility in stock markets or in the price of our shares or
ADRs, financial risk management and the impact of general business and global
economic conditions.

CONTACT: Mechel OAO
         Anton Lapin
         Tel: + 7 495 221 88 88
         antonlapin@mechel.ru

Mechel OAO Logo
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