Exhibit 23.3
www.pincock.com
PINCOCK ALLEN & HOLT
Delivering smarter solutions
June 28, 2004
Jan Alex Castro
Mechel Steel Group OJSC
Krasnopresnenskaya Neberezhnaya 12, Office 1505
Moscow 123610 Russian Federation
Dear Sir:
Pincock, Allen & Holt, a mining consulting firm based in Lakewood, Colorado, hereby consents to the use of our reserve estimates as of January 1, 2004 and our valuations as of January 1, 2004 in relation to the properties listed below, in this Registration Statement of Mechel Steel Group OAO on Form F-1. Further, PAH consents to being named as “Experts” in the Registration Statement (including as described under the caption “Experts”), and to having this consent letter filed as an exhibit to the Registration Statement.
Coal Mines Reviewed
Krasnogorsky Open-pit Mine
Tomusinsky Open-pit Mine
Sibirginsky Mines (Open-pit and Underground)
V.I. Lenin Underground Mine
Usinskaya Underground Mine
Uglekop Underground Mine
Iron Mines Reviewed
Korshunovskoe Iron Mine
Rudnogorskoe Iron Mine
Tatianinskoe Iron Mine
Nickel Mines Reviewed
Southern Ural Nickel Plant (SUNP) Mines; Buruktal and Sakhara.
Limestone Mines Reviewed
Pugachev Limestone Mine
PAH has reviewed the Registration Statement and does not have any reason to believe that there are any misrepresentations in the information derived from the Technical Reports or that the written disclosure in the Registration Statement of Mechel Steel contains any misrepresentation of the information contained in the Technical Reports.
Sincerely,
Pincock Allen & Holt |
/s/ Thomas M. McNamara |
THOMAS M. MCNAMARA |
Manager, Mining and Geology |
A Division of Hart Crowser
274 Union Boulevard, Suite 200
Lakewood, Colorado 80228-1835
Fax 303.987.8907