Moscow, Russia — February 16, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, reports that work at several facilities at New-Olzherassk mine was resumed fully after a temporary suspension.

Administrative suspension of work at several facilities at New-Olzherassk mine was lifted today ahead of schedule by order of the Mezhdurechensk city court as all grounds for the suspension have been eliminated.

As of now, production at New-Olzherassk mine is fully resumed, and it is operating as normal.