Exhibit 8.1

			Date control	Interest in voting stock held by the Group at December 31,
Name of subsidiary	Registered in	Core business	acquired(*)	2006			2005			2004
Mechel International Holdings AG (MIH)(1)	Switzerland	Holding and trading	July 1, 1995		100.0	%		100.0	%		100.0	%
Mechel Metal Supply AG (MMS)	Liechtenstein	Trading	Oct 30, 2000		100.0	%		100.0	%		100.0	%
Mechel Trading House (MTH)	Russia	Holding and trading	June 23, 1997		100.0	%		100.0	%		100.0	%
Southern Kuzbass Coal Company (SKCC), including its most significant subsidiaries:	Russia	Holding and trading	Jan 21, 1999		93.5	%		93.7	%		96.6	%
Sibirginsk Open Pit Mine (SOPM)**	Russia	Coal mining	Jan 21, 1999		—			—			90.4	%
Krasnogorsk Open Pit Mine (KOPM)****	Russia	Coal mining	Jan 21, 1999		—			88.9	%		87.4	%
Tomusinsk Open Pit Mine (TOPM)	Russia	Coal mining	Jan 21, 1999		74.4	%		74.4	%		74.4	%
Olzherassk Open Pit Mine (OOPM)	Russia	Coal mining	Dec 28, 1999		82.9	%		81.9	%		80.6	%
Kuzbass Central Processing Plant (KCPP)**	Russia	Coal processing	Dec 31, 2000		—			—			95.0	%
Lenin Mine (LM)****	Russia	Coal mining	Dec 29, 2001		—			79.0	%		78.5	%
Usinsk Mine (UM)***	Russia	Coal mining	Dec 29, 2001		—			80.2	%		78.6	%
Siberian Central Processing Plant (SCPP)**	Russia	Coal processing	Dec 22, 2000		—			—			90.8	%
Chelyabinsk Metallurgical Plant (CMP)	Russia	Steel products	Dec 27, 2001		93.7	%		93.7	%		86.9	%
Southern Urals Nickel Plant (SUNP)	Russia	Nickel	Dec 27, 2001		79.9	%		79.9	%		79.3	%
Vyartsilya Metal Products Plant (VMPP)	Russia	Steel products	May 24, 2002		93.3	%		93.3	%		93.4	%
Beloretsk Metallurgical Plant (BMP)	Russia	Steel products	June 14, 2002		90.4	%		90.3	%		90.2	%
Mechel Targoviste SA	Romania	Steel products	Aug 28, 2002		86.6	%		83.7	%		81.0	%
Mechel Zeljezara (MZ)	Croatia	Steel products	March 17, 2003		100	%		100.0	%		100.0	%
Ural Stampings Plant (USP)	Russia	Steel products	April 24, 2003		93.8	%		93.8	%		93.8	%
Korshunov Mining Plant (KMP)	Russia	Iron ore mining	Oct 16, 2003		85.6	%		85.5	%		75.0	%
Mechel Campia Turzii SA	Romania	Steel products	June 20, 2003		86.56	%		84.9	%		81.0	%
Mechel Nemunas (MN)	Lithuania	Steel products	Oct 15, 2003		100.0	%		100.0	%		100.0	%
Mechel Coal Resources (MCR)	Kazakhstan	Coal mining and processing	Dec 31, 2003		—			—			100.0	%
Mechel Energo	Russia	Energy trading	Feb 3, 2004		100.0	%		100.0	%		100.0	%
Port Posiet	Russia	Transportation	Feb 11, 2004		96.93	%		80.0	%		80.0	%
Izhstal	Russia	Steel products	May 14, 2004		87.9	%		87.7	%		62.3	%
Port Kambarka	Russia	Transportation	April 27, 2005		90.4	%		90.4	%		—
Kaslinsky Architectural Art Casting Plant	Russia	Steel products	April 14, 2004		100.0	%		100.0	%		100.0	%
Mechel Trading Ltd.	Switzerland	Trading	Dec. 20, 2005		100.0	%		100.0	%		—
Metals Recycling OOO	Russia	Scrap collecting	March 14, 2006		100.0	%		—			—
Mechel Hardware OOO	Russia	Trading	March 21, 2006		100.0	%		—			—
Moscow Coke and Gas Plant (Moskoks)	Russia	Coke production	Oct 4, 2006		98.94	%		—			—

*Date when a control interest was acquired by either the Group or Controlling Shareholders.

**Merged with SKCC in October - December 2005

***Merged with Lenin Mine in March 2006

****Merged with SKCC in October 2006

(1)Formerly—Mechel Trading AG (MT). Renamed on December 20, 2005