|Exchange:||New York Stock Exchange|
|Mechel OAO, formerly Mechel Steel Group OAO was incorporated on March 19, 2003, under the laws of the Russian Federation. It is a vertically integrated mining, steel, ferroalloys and power group. The Group operates in four business segments: steel (comprising steel and steel products), mining (comprising coal and iron ore), ferroalloy (comprising nickel, chrome and ferrosilicon) and power (comprising electricity and heat power), and conducts operations in Russia, Lithuania, Kazakhstan and Central and Eastern Europe. The Group sells its products within Russia and foreign markets. The Company’s mining business consists of coal and iron ore mines in Russia. The Company’s subsidiary Southern Kuzbass Coal Company and its subsidiaries operate coal mines located in the Kuznetsky Basin, near the city of Mezhdurechensk in southwestern Siberia. It has four open pit mines - Krasnogorsk, Tomusinsk, Olzherassk and Sibirginsk - and three underground mines - Lenin, Sibirginsk and New-Olzherassk. In the Sakha Republic in eastern Siberia, its subsidiary Yakutugol operates the Nerungrinsk and Kangalassk open pit mines and the Dzhebariki-Khaya underground mine, and also holds the license rights to mine the undeveloped Elga coal deposit, which it plans to mine using the open pit method after the completion of the construction of a private rail branch line of approximately 315 kilometers in length, which would connect the Elga coal deposit to the Baikal-Amur Mainline. It also provides coal washing services, both to its coal-mining subsidiaries and to third parties. The Company’s steel business comprises the production and sale of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products and value-added downstream metal products including hardware, stampings and forgings. It also produces significant amounts of coke, both for internal use and for sales to third parties. It is required to obtain numerous licenses, authorizations and permits from Russian governmental authorities for its operations.|
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