print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Mechel press releases

Mechel

October 17, 2019

Mechel signs long-term coal supply contract with South Korea’s STX Corporation

Baar, Switzerland– October 17, 2019 – Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces signing a memorandum for coal supply with STX Corporation, an Asian universal trade major.

According to the document, in January-December 2020 Mechel is due to supply STX Corporation with up to 1.2 million tonnes of coking and thermal coal from Mechel’s Southern Yakutia facilities and PCI from its Southern Kuzbass Coal Company.

“We continue with successful implementation of our strategy of diversifying our supply flow to Asia Pacific’s promising markets. Guaranteed sales enable us to ensure optimal load on our coal facilities and plan our logistics ahead. We also agreed that our STX partners will act as mediators in finding new potential clients for Mechel’s coal products among steelmakers and power companies, as well as other industries,” Mechel PAO’s Deputy Chief Executive Officer Pavel Shtark commented.

***

Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer