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PJSC Mechel: Mechel Conducts Sweeping Repairs of Washing Plants
2020-09-17 / 13:15 MSK
The issuer is solely responsible for the content of this announcement.
MECHEL CONDUCTS SWEEPING REPAIRS OF WASHING PLANTS
Moscow, Russia - 17 September 2020 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one
of the leading Russian mining and metals companies, reports that a sweeping
campaign of major repairs is being implemented at its mining division's
washing plants. The total cost is over 1 billion rubles.
The most large-scale repairs in terms of the scope of works are being held
at Neryungrinskaya Washing Plant, which is part of Yakutugol Holding
Company. The main stage of repair works has been completed in September. As
part of the repair campaign, the plant replaced and restored trunk
conveyors, as well as conveyors at the finished product loading area.
Yakutugol's specialists and contractors assembled three new sizing screens
and overhauled nine more. The plant also launched three new centrifuges for
removing surplus moisture from coal concentrates. The plant's sludge pumps
are being renewed. Five new magnetic roughers are due to be acquired before
the end of the year. The plant also plans to repair two drying machines, one
of which has been finished in September and the second is due to launch in
October.
Southern Kuzbass Coal Company's Krasnogorskaya Washing Plant acquired seven
new vibrating and high-frequency screens, 14 pumps, and one magnetic
rougher. Two magnetic roughers and five belt conveyors underwent major
overhauls. By the end of 2020, the plant plans to replace two vibrating
centrifuges, three screens and other equipment.
Southern Kuzbass Coal Company's Sibir Washing Plant installed several new
machines and equipment, including a vibrating centrifuge and a pumping
outfit.
Yet another Southern Kuzbass Coal Company's washing plant, Kuzbasskaya,
replaced two rotors of a screen bowl centrifuge and a separator's basket
wheel. A large-scale campaign of replacing conveyor belts on the plant's
major routes is currently under way. By the end of the year, the plant
intends to upgrade its pumping equipment and repair the jig washer.
Another Kuzbass washing plant, Tomusinskaya, replaced two coal pumps, a
centrifugal dryer, and a turboblower. Also, the continuous handling system's
equipment has been repaired. By the end of this year, yet another
centrifuge, two conveying belt feeders and other equipment will be replaced.
Korshunov Mining Plant's washing plant launched the following equipment this
year - an unbalanced throw screen for screening iron ore and two electric
pumps to ensure uninterrupted work of exhaust ducts and a fire water line.
The plant is due to acquire four magnetic roughers and 12 hydrocyclones for
its washing operations.
"Upgrade of our washing facilities is a key condition for increasing
production output and improving our equipment's reliability, which is to
say, rhythmic production of concentrates, both coal and iron ore ones. We
export a large share of our finished products, so we make extra effort to
ensure consistently high quality," Mechel Mining Management OOO's Chief
Executive Officer Igor Khafizov said.
***
Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.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.
2020-09-17 MSK Dissemination of a Corporate News, transmitted by
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Language: English
Company: PJSC Mechel
1 Krasnoarmeyskaya Street, Moscow, Russia
127006 Moscow
Russia
Phone: +7 (495) 221-88-88
Fax: +7 (495) 221-88-00
E-mail: press@mechel.com
Internet: www.mechel.ru/
ISIN: US5838406081, RU000A0DKXV5
WKN: A2AC1G
Listed: Foreign Exchange(s) Moscow, NYSE
EQS News ID: 1133003
End of News EquityStory.RS, LLC News Service
1133003 2020-09-17 MSK
(END) Dow Jones Newswires
September 17, 2020 06:15 ET (10:15 GMT)
