Mechel OAO, one of the leading Russian mining and metals companies, announced today its operational results for 2007.
He concluded: “Mechel has acquired a number of power assets since the beginning of 2007, significantly expanding its presence in the power sector. As the result of the acquisitions, we established an integrated power division with its own raw material base, power generating facilities and broad client base. As seen in the operational results, the division demonstrated intensive growth of electric power generation in 2007. We are confident in the future of the new segment, which we are able to operate efficiently considering our experience in effectively integrating acquired companies.”
* The coal production figures show the output including the coal production of Yakutugol OAO in the fourth quarter of 2007.
** The ferrosilicon production figures show the output of Bratsk Ferroalloy Plant from August 2007.