Mechel announces implementation of summer holidays program for its subsidiaries employees’ children

Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, continues the tradition of corporate health rehabilitation for children of its subsidiaries’ employees.

In line with Mechel OAO’s corporate program on recreation and health rehabilitation of employees’ children the company provides tours to health resort facilities for summer holidays, for the 7th time already.

This year the company continues a successful practice of corporate session at the coastal camp Morskaya Volna (The Sea Wave), located in the Krasnodar Territory. For the first time the session becomes international. About 900 children whose parents work at 32 Group’s subsidiaries, located in 12 regions of Russia as well as children of employees of Mechel’s Romanian plants have recreation and rehabilitation in a picturesque part of Tuapse region. The children stay at a comfortable and convenient campus having 5 meals a day.

Teachers and psychologists have developed an exciting entertaining program named «The Country of Mechel» for the whole time of the session. Due to this program in addition to the joy of summer holidays children will obtain new skills and knowledge. The program will help them to develop, reveal their talents and perhaps choose their future profession.

Twice as many children have arrived to the Morskaya Volna сamp this year compared to the previous one. Parents paid not more than 15% of the tour cost whereas Mechel Group undertook the rest of the expenses. The company also cares about children who remain in their regions: they have vacations in local recreation and rehabilitation camps.