MTL Mechel PAO

By Lukas I. Alpert

MOSCOW--Heavily-indebted Russian coal and steel producer, OAO Mechel (MTL) has resumed work at three mines at its Bluestone facility in West Virginia, the company said Wednesday in its annual report.

The company--which had temporarily idled the Bluestone mines late last year due to oversupply and poor market conditions--said it has resumed underground operations at Keystone's Mine 65 in March and at Pochahontas No. 11 Contour and Auger No. 2 this month.

In January, the company restarted work at surface mines Justice Energy and Dynamic Energy. The two complexes produce some 135,000 tons of coal a month.

The company reported this week that it had net debts of $9.4 billion as of Dec. 31.

Write to Lukas I. Alpert at lukas.alpert@dowjones.com