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Mechel Announces Recertification of its Beloretsk Metallurgical Plant Subsidiary for ISO 9001:2000 International Standard
BELORETSK, Russia, September 13 /PRNewswire/ -- Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the completion of the quality management system audit at its Beloretsk Metallurgical Plant subsidiary (BMP OAO), resulting in the recertification of its compliance with the ISO 9001:2000 international standard. Beloretsk Metallurgical Plant obtained its original certificate for the quality management system's compliance with ISO 9001:2000, issued for three years, in 2003. Since then, the plant undergoes annual compliance audits to extend its effective certificate, and a recertification audit is conducted at the plant every three years to recertify its quality management system's compliance with the standard. The latest regular compliance audit of the quality management system was completed at Beloretsk Metallurgical Plant in September 2007. In the process of the audit, the auditors visited the plant's many units and departments. They examined the quality management system processes for compliance with the internal document requirements and the requirements for ISO 9001:2000. In addition, the auditors met with the managing director of BMP OAO, Konstantin Nikolin. During the meeting the parties discussed BMP OAO's current achievements and its plans for further improving the quality of its management system. Summarizing the audit results, the inspection agency noted that BMP OAO complies with all the requirements of ISO 9001:2000 and constantly develops its quality management system. Mechel is one of the leading Russian mining and metals companies. Mechel unites producers of coal, iron ore, nickel, steel, rolled products, and hardware. Mechel products are marketed domestically and internationally. 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.






