MOSCOW, RUSSIA / ACCESSWIRE / December 27, 2021 / Mechel PAO (MOEX: MTLR) (NYSE: MTL), one of Russia’s leading mining and metallurgical companies, reports that its mining facilities this year received a total of 270 pieces of equipment, including more than 80 machines and units of large-scale assembly.
The most significant renovations and engineering renovations involved Southern Kuzbass Coal Company, which received more than 100 new units of equipment, including heavy trucks, bulldozers, and service equipment. All the automobiles use an in-line dispatch system implemented by Southern Kuzbass Coal Company, which guarantees improved performance and working efficiency. The new machines help transport overburden, as well as transport coal from mines to washing plants and shipping points. Southern Kuzbass Coal Company’s washing plants launched a total of 39 new equipment units.
Yakutugol Holding Company has launched 74 new units of equipment, including heavy trucks, excavator and gondola wagons for the transportation of bulk goods. Due to the complicated geological conditions of the Neryungrinsky open pit mine, this year the company made sure to renovate pumping equipment to pump groundwater and prevent flooding in mining areas. The Neryungrinskaya washing plant installed two new centrifuges to remove excess water from the coal concentrate and three magnetic roughers. The plant also continued with the in-depth modernization of its slurry pump fleet.
Ninety units of equipment, including heavy trucks, excavators and a drilling rig, were purchased for the Korshunov mining plant. This equipment is used to transport ore from the Korshunovsky surface mine, mining in the Korshunovsky and Rudnogorsky surface mines, even at extremely low temperatures. The Korshunov washing plant launched new pumps as well as a press for the hardening conveyors. The plant also received new hydro-separators.
“We have invested around 4 billion rubles in the acquisition of new mining equipment and machinery, and next year we plan to invest 8 billion. We are facing a strategic task to restore the pace of stripping, increase volumes extraction and washing. This new equipment will allow us to reduce breakdowns caused by repairs and increase production at our facilities in Irkutsk region, Yakutia and Kuzbass. favorable prices in the commodity markets that we observe in recent quarters, it is very important for us to ensure the growth of production, “commented the general manager of Mechel PAO, Oleg Korzhov.
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Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel brings together producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and power. All of its companies work in a single production chain, from raw materials to high added value products.
Certain information contained 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 United States Private Securities Litigation Reform Act. from 1995. We would like 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 that Mechel files from time to time with the United States Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the sections entitled “Risk Factors” and “Caution Regarding Forward-Looking Statements” of our Form 20-F, which could cause actual results to differ materially. those contained in our projections or forward-looking statements, including, among others, the achievement of the expected levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive prices, the ability to obtain regulatory approvals and licenses required, the impact of developments in the Russian economic, political and legal environment, the volatility of the stock markets or the price of our shares or ADRs, the management of financial risks and the impact of trading conditions general and global economic affairs.
THE SOURCE: PJSC Mechelen
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