Mechel reports launching a new longwall at V.I. Lenina Underground Mine
OREANDA-NEWS. Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports launching a new longwall at V.I. Lenina Underground Mine which is part of Southern Kuzbass Coal Company.
V.I. Lenina Underground launched Longwall 0-5-2-13, whose industrial coal reserves are estimated at 369,000 tonnes of valuable coking coal grades. The longwall is 120 meters long, the extraction panel is 630 meters.
Its coal will be supplied to Russian steelmakers.
Mining at the longwall will be conducted by a stoping complex including a stoping machine, a longwall conveyor and a re-loader with a crushing station. The powered support system’s 84 sections are hydraulically equipped. All equipment is up to modern safety standards. Investment in the project totaled 270 million rubles.
“The launch of this new longwall will enable us to quickly boost production of coking coal which is high in market demand,” Mechel Mining Management OOO’s Chief Executive Officer Pavel Shtark noted.
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.