Mechel OAO

From Global Energy Monitor

Mechel OAO is a Russian mining and steel producer based in Moscow. Mechel operates mines and power plants and produces steel.[1]

In December 2010, Mechel OAO said it was building a $12 million coal processing plant in Keystone, West Virginia. The company said the plant will double production of metallurgical grade coal from its southern West Virginia mines. Asia's growing steel business has pushed up demand and prices for metallurgical coal worldwide. The plant will handle up to 3 million tons of coal annually. But Mechel says it expects to run about one-third as much through the plant at first.[1]

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