OREANDA-NEWS. August 12, 2011. Mechel JSC  (NYSE: MTL), one of the leading Russian mining and metals companies, announces a JORC summary of its ore reserves and mineral resources as of May 1, 2011.

Moscow, Russia – August 8, 2011 - Mechel JSC  (NYSE: MTL), one of the leading Russian mining and metals companies, announces a JORC summary of its ore reserves and mineral resources as of May 1, 2011.

Based on the review prepared by IMC Group Consulting Ltd., the total JORC Equivalent Coal Ore Reserves and Resources as of May 1, 2011 were 3,271 million tonnes and 4,373 million tonnes, respectively, while total JORC Equivalent Iron Ore Reserves and Resources as of May 1, 2011 were 267 million tonnes and 427 million tonnes, respectively.

Commenting on the announcement, Igor Zyuzin, Chairman of Mechel JSC ’s Board of Directors and CEO of Mechel Mining JSC , said:

“We are delighted to announce the substantial JORC reserves and resources for the Company, demonstrating the quality of our mining asset base and positioning us as one of the largest metallurgical coal producers globally by reserves and resources. Our resource base is sufficient to ensure a dramatic increase in production of metallurgical coals and help consolidate Mechel Mining JSC ’s position as one of the world’s largest coal producers and suppliers. We continue to focus on growing our mining business through development of our reserves including at Elga, where production will begin in August 2011 and is expected to reach 9 million tonnes a year by 2015 and 27 million tonnes a year by 2021. We will also look for opportunities to enhance our resource base beyond the existing portfolio, as well as adding more reserves through exploration and targeted acquisitions. In line with our stated strategy, we continue to evaluate the possibility of a public listing of the mining division of the Company, which we believe will enable Mechel Mining to have better access to capital, crystallize value for our shareholders and provide access to additional growth opportunities.”