Mechel Reports Resumption of Mining at Bluestone Mining Facilities
OREANDA-NEWS. January 28, 2013. Mechel (NYSE: MTL), one of the leading Russian mining and metals companies, reports the resumption of work at several of Mechel Bluestone's (West Virginia, USA) mining facilities. Mechel Bluestone is part of the Group’s mining division, reported the press-centre of Mechel.
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.
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