Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Mechel Reports Suspension Of Southern Kuzbass Coal's Olzherassk Underground Mine

RELATED NEWS
Trade MTL now with 
2/27/2012 9:35 AM ET

Mechel OAO (MTL: Quote) announced that coal mining at Southern Kuzbass Coal Company OAO's New-Olzherassk Underground mine's long wall face # 21-1-7 has been temporarily halted due to coal self-heating.

The company stated that High levels of carbon monoxide were registered in New-Olzherassk Underground mine's long wall face # 21-1-7, which is proof of coal self-heating. Mining operations are currently suspended.

The mine infrastructure, including its transport, ventilation system, dewatering, power facilities and roadheaders, is in working condition and safe, the company said.

The company stated that the timing for resumption of mining will be determined once the project for eliminating self-heating is completed.

The company stated that the suspension of the mine will not cause delay in coal deliveries to customers since there is enough coal at the New-Olzherassk Underground mine warehouse to ensure uninterrupted deliveries within the company's existing contractual obligations.

Click here to receive FREE breaking news email alerts for Mechel OAO and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After moving modestly higher over the course of the previous session, stocks may see some further upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 32 points. Myanmar's growth is set to accelerate slightly to 6.75 percent in the fiscal year ending March 2014 led by gas production and investment, the International Monetary Fund said on Wednesday. In an Article IV Consultation report, the IMF said Myanmar's economy grew nearly 6.5 percent in the fiscal year... Bank of England Chief Mervyn King maintained his call for more stimulus for the fourth month and was defeated again by a majority of six members as in previous months who cited faster-than-expected growth and pipeline impact from previous stimulus. At his penultimate meeting, King along with Paul Fisher and David Miles sought an increase in quantitative easing by GBP 25 billion.
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.