Russian Ecology Minister Tours Mechel’s Chelyabinsk Facilities
November 16 2018 - 7:00AM
Mechel PAO (MOEX: MTLR, NYSE:
MTL), one of the leading Russian mining and metals
companies, reports that Russia’s Natural Resources and Ecology
Minister Dmitry Kobylkin and Chelyabinsk Region’s Governor Boris
Dubrovsky paid a working visit to the Group’s Chelyabinsk
production site. They toured facilities due for an upgrade as part
of the company’s environment protection program.
The delegation also included the minister’s
First Deputy Denis Khramov, Federal Supervisory Natural Resources
Management Service (Rosprirodnadzor)’s Chief Amirkhan Amirkhanov,
the State Duma’s environment protection committee’s Chairman
Vladimir Burmatov, the committee’s First Deputy Chairman Nikolai
Valuyev, chief of Rosprirodnadzor’s Chelyabinsk department Vitaly
Kuryatnikov and other regional state officials. Chairman of Mechel
PAO’s Board of Directors Igor Zyuzin and Mechel PAO’s Chief
Executive Officer Oleg Korzhov hosted the delegation.
During the visit to Mechel-Coke, the delegation
toured the facilities that are now being upgraded — the coke-pitch
block #4, the by-product recovery plant #1’s benzene department and
the coke battery #7. This technical upgrade will enable the plant
to reduce waste emission during coke production. Mechel Group’s
investment into the plant’s upgrade since 2006 totaled 4.9 billion
rubles, including 1.3 billion invested in environment protection
measures.
The tour also included a major production
facility at Mechel-Materials, the grinding-mixing complex. It
produces mineral additives to lend durability to construction
mixes, asphalt and concrete. The complex primarily uses Chelyabinsk
Metallurgical Plant’s blast-furnace slag, processing about 5
million tonnes of slag annually. This technology enables to plant
to further process waste from steel production and make it more
ecologically friendly.
The delegation also inspected waste treatment
facilities at Chelyabinsk Metallurgical Plant’s universal rolling
mill. The workshop producing rails and beams is equipped with a
modern complex of dust collector systems and a closed waste water
recycling system. The plant’s officials detailed the plant’s
upgrade program, in which Mechel Group invested a total of over 70
billion rubles since the plant has joined the group, including 5
billion invested in environment protection measures.
“We have toured Mechel’s production facilities.
Certainly, the company has extensive plans for implementing
environment protection technologies, and some facilities have
already been built and launched. You know, we have 12 cities listed
as those that need their environment situation improved, which is
linked primarily to waste emissions. This work is in store for us.
I must say that businesses, including Mechel, understand their
responsibilities. No one is trying to stay away and claim they have
no opportunity to do this,” Russia’s Natural Resources and
Ecology Minister Dmitry Kobylkin noted.
“Today Mechel is implementing major projects
aimed at minimizing our impact on the environment in Chelyabinsk
Region. Our company is the first to have launched an independent
ecological audit whose results will be presented for public
discussion and then added to our upgrade program. We are fully open
for cooperation and interaction where ecological projects are
concerned,” Mechel PAO’s Chief Executive Officer Oleg Korzhov
said.
Mechel PAOEkaterina VidemanTel: + 7 495 221 88
88ekaterina.videman@mechel.com
Mechel is an international mining and steel
company. 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 economic
conditions.
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