Mechel to Aid Flood Victims in Russia's Amur Region
MOSCOW, Aug. 26, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the
leading Russian mining and metals companies, reports its decision to offer
free aid to flood victims in Russia's Amur Region.
Following a major flood which destroyed numerous residential homes, private
gardens and farms, as well as road, communal and social infrastructure, Mechel
will send to the affected populace 10,000 tonnes of coal (142 wagons) from its
Elga deposit in the Republic of Sakha (Yakutia).
In a letter to Amur Region's Governor Oleg Kozhemyako, Chairman of Mechel
OAO's Board of Directors Igor Zyuzin reported the company's decision and
offered words of sincere support to the flood victims both personally and on
behalf of Mechel OAO's entire team.
Apart from the free coal supplies, the Company also announced a fundraiser
among Mechel's employees to aid flood victims.
Mechel is an international mining and steel company which employs over 80,000
people. Its products are marketed in Europe, Asia, North and South America,
Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled
products, ferroalloys, heat and electric power. All of its enterprises work in
a single production chain, from raw materials to high value-added products.
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
CONTACT: Mechel OAO
Tel: + 7 495 221 88 88
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