Mechel Resumes Mining at West Virginia Facility
01/24/2013 - Mechel OAO, a Russian mining and metals company, reported the resumption of work at several of Mechel Bluestone's mining facilities in West Virginia.
Mechel OAO, a Russian mining and metals company, reported the resumption of work at several of Mechel Bluestone's mining facilities in West Virginia. Mechel Bluestone is part of the group's mining division.
Due to decreased coal inventories, Mechel decided to resume open-pit mining at some of Mechel Bluestone's facilities — Justice Energy and Dynamic Energy mining complexes. The complexes are due to produce some 135,000 tonnes a month.
Mining at these Mechel Bluestone facilities was temporarily halted in late October 2012 due to an accumulation of coal inventories. Mechel Bluestone's washing plants continued operating and all obligations under pre-existing contracts were met in full.
The company will resume mining at other Mechel Bluestone facilities as market conditions warrant.
Mechel is a leading Russian company. 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.
