updated 12/13/2010 8:16:22 AM ET 2010-12-13T13:16:22

KEYSTONE, W. Va., Dec. 13, 2010 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and steel companies, announces the launch of its U.S.-based subsidiary Mechel Bluestone's newest coal processing plant for washing coal mined at the Keystone Operations near Keystone, West Virginia.

The K2 plant, worth 12 million dollars in investments, can process annually up to 3 million tonnes of run-of-mine coal. Annual production volume at the first stage is expected to exceed 1 million tonnes. The plant can efficiently recover high-quality low-volatile coking coal from high reject material common to thin-seam mining operations.

The launch will allow Mechel Bluestone to double its production of low-volatile coking coal.

"The plant was built to meet all modern requirements; its every production process is highly computerized, including computer-aided coal quality control. The Keystone low-volatile metallurgical coal is of a very high quality and is in great demand throughout the world. Our plans to step up coal production required us to boost processing volumes as well," said Boris Nikishichev, CEO of Mechel Mining Management Company.

Mechel is one of the leading Russian companies. Its business includes four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled products, hardware, heat and electric power. Mechel products are marketed domestically and internationally.

The Mechel OAO logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8181

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.

          Ekaterina Videman
          + 7 495 221 88 88

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