Yakutugol

Yakutugol plans to invest 3.5 billion rubles in 2017 for technical revamp of its subsidiaries, a 3.5-fold increase year-over-year. The investment includes new excavators and dump trucks for its Neryungrinsky and Jebariki-Haya open-pit mines.

Uralmashzavod will supply an EKG-20 excavator to Mechel's subsidiary Yakutugol for use at the Neryungrinsky open-pit mine. The excavator is for overburden removal and is planned to be shipped by the end of 2017.

Mechel has commissioned a new high-performance EKG-18 mining excavator from Uralmashzavod at the Neryungrinsky open-pit mine in Yakutia, with a second similar excavator planned for late April. Investment in the two excavators was 1.2 billion rubles.

Yakutugol, part of Mechel, purchased two EKG-18 excavators from Ural Machine-Building Works for about 1.2 billion rubles as part of a technical modernization program. The first excavator will be operational in March 2017.