MECHEL REPORTS VISIT OF RUSSIA’S MINISTER FOR DEVELOPMENT OF FAR EAST TO MECHEL
FACILITIES IN FAR EAST FEDERAL REGION

Moscow, Russia — June 10, 2014 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, reports that Russia’s Minister for
Development of the Far East Alexander Galushka visited the company’s production
facilities on the territory of Russia’s Far East Federal Region as part of his
work tour of the Far East ports and infrastructure objects.
During his visit to the company’s facilities, Alexander Galushka was accompanied
by Chairman of Mechel OAO’s Board of Directors Igor Zyuzin, First Deputy
Minister Alexander Osipov and Deputy Minister Maxim Shereikin. The minister
toured Neryungrinsky Open Pit, the Elga coal deposit, examined the 321-kilometer
Ulak-Elga railway built on Mechel’s own funds. Alexander Galushka also visited
Trade Port Posiet, owned by Mechel, and Sea Trade Port Vanino, whose capacities
are used to transship the company’s coal products to Asia Pacific.
As part of the visit, a conference of ministry officials and business
representatives was held, regarding perspectives for the coal industry’s
development in the region, issues of further development of industrial
infrastructure and logistics, creation of a municipality at the Elga deposit, as
well as issues of financial support for large-scale projects that are listed in
the long-term development program for Russia’s coal industry until 2030.
“Today Mechel is creating a powerful high-tech industrial cluster in Southern
Yakutia, aimed at developing the entire region and trade ties with Asia
Pacific,” Russia’s Minister for Development of the Far East Alexander Galushka
noted.
“We are grateful to Alexander Galushka for his attention to our projects in the
Far East Federal Region and his high appreciation of the Elga project. Russia’s
new coal industry development program stipulates that the mining focus will
shift from Kuzbass to Eastern Siberia. In line with this trend, which has become
evident a few years ago, in 2008 we began our large-scale investment project of
developing the Elga coking coal deposit. We realize that this project is unique
for the entire Far East region. The industrial cluster at Elga will become a
flagship for Russia’s coal industry,” Chairman of Mechel OAO’s Board of
Directors Igor Zyuzin noted.
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Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

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Mechel is an international mining and steel company which employs over 70,000
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.
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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.