MECHEL ANNOUNCES IMPLEMENTATION OF SUMMER HOLIDAY PROGRAM FOR CHILDREN OF
GROUP’S EMPLOYEES
Moscow, Russia – August 31, 2011 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, continues the tradition of providing
corporate recreation for children of the Group’s employees.
In line with Mechel OAO’s corporate program on recreation and health
rehabilitation for employees’ children, the company has this year, for the
eighth year in a row, been providing trips to health resorts for the summer
holidays.
Mechel’s enterprises cover most of the tours’ cost for their employees. In 2011,
some 4,000 children of the Group’s staff benefited from the recreation and
health program.
This year, over 3,000 children spent part of their summer vacations in
recreation camps located in the regions where Mechel enterprises are located,
including those camps belonging to the Group. Each of these facilities provided
many opportunities for active recreation and health rehabilitation and made four
sessions this summer to accommodate all of the kids.
Also, in August the company held its annual corporate children’s recreation
program called “Mechel Country”. The company brought 962 children from every
Mechel enterprise to the Black Sea coast resort in the Krasnodar Region’s Tuapse
area. For the third year in a row the resort has offered a whole shift
exclusively for Mechel children. Children were provided with five meals a day,
care of professional counselors, sea swims, a trip to a dolphinarium, and
various excursions. The program was oriented not only toward helping kids make
friends, but also learn more about the enterprises where their parents work.
Children’s health and recreation are an important component of Mechel’s social
and welfare programs. The company seeks to provide its staff’s children with the
best available care and involve as many children as possible.
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Mechel OAO
Ekaterina Videman
Phone: + 7 495 221-88-88
ekaterina.videman@mechel.com
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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.
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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.