So this way, we launched an important strategic project and it is almost impossible to overestimate the importance of this project for the company. When Elga reaches full capacity, Mechel will substantially improve its position among the largest global producers of coking coal.During the first half of the year, all the efforts of the company in its mining division was aimed at accelerating the achievement of 100% capacity utilization at Neryungrinskaya washing plant at Yakutugol. We wish this objective by the end of June and from implementation of certain technical solutions the plant set a production record in July.
Mechel's Management Discusses Q2 2011 (1H 2011) Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts