Mechel Announces Management Changes at Mechel Bluestone

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MOSCOW, March 7, 2013 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces the appointment of a new Chief Executive Officer at Mechel Bluestone.

In March 2013, Stephen Douglas Williams was appointed Mechel Bluestone's Chief Executive Officer, replacing Tom Lusk.

Mechel Mining Management Company OOO's Chief Executive Officer Boris Nikishichev commented:

"Tom Lusk's professionalism and excellent knowledge enabled us to successfully go through the transition period and overcome many difficulties. We are wholeheartedly grateful to him for his help and hard work. Stephen Douglas Williams has extensive experience and has proved himself to the market as a first-class specialist and skilled manager. Besides, he has worked at Mechel Bluestone since January as chief operating officer, which enabled him to delve deeply into the company's business processes. We are sure that he will make Mechel Bluestone even more successful and efficient."

Prior to his appointment, since January 2013 Mr. Williams was Chief Operating Officer at Mechel Bluestone. Before that, since August 2010 he was senior vice president and chief operating officer at Natural Resources International (Barclays Natural Resources). In 2009-2010, he was chief operating officer at INR Energy, LLC. In 2008-2009, he was senior vice-president for mining at Cliffs North American Coal. In 2003-2007, he was vice-president and general manager at Pinnacle Mining Co., LLC. In 2002-2003, he was general manager for Asia/Pacific at CNX Australia. In 1999-2002, he was first assistant mine superintendent and then mine superintendent at VP 8 Mine, Island Creek Coal Company (CONSOL Energy). In 1993-1999, he worked as attorney-at-law at Steptoe and Johnson, P.L.L.C. In summers of 1991 and 1992, he worked as assistant contract mine coordinator at Catenary Coal Company. Before that, in 1988-1990, he was longwall coordinator at Humphrey Mine, Consolidation Coal Company. In 1985-1988, he worked first as project engineer and then as production foreman at Osage and Arkwright Mines, Consolidation Coal Company.

Mr. Williams graduated from West Virginia University's College of Mineral and Energy Resources with a bachelor's degree in engineering of mines. He also holds a doctorate of jurisprudence from West Virginia University's College of Law.

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, ferrochrome, ferrosilicon, steel, 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.

CONTACT: Mechel OAO Anton Lapin Tel: + 7 495 221 88 88

Source:Mechel OAO