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Posco, Mechel Sign Initial Deal To Develop Resources In Russia

SEOUL -(Dow Jones)- South Korean steelmaker Posco (005490.SE) said Wednesday that it has signed an initial agreement with Russia's Mechel OAO (MTL) to develop energy resources in Russia and other countries. The two companies have also signed a memorandum of agreement to cooperate in the stainless steel business, Posco said. Under the preliminary deal, Posco may build stainless steel processing facilities for Mechel in Russia, it said. Posco, which has received an order to build a housing complex for employees working in Mechel's Elga coal mine by June 2013, expects the initial pact will help it participate in the coal mine development in the future, it said. -By Kyong-Ae Choi, Dow Jones Newswires; 822-3700-1903;

Stock News for Mechel Oao (MTL)
05/31/201611:04:47Report of Foreign Issuer (6-k)
05/31/201606:31:06Report of Foreign Issuer (6-k)
05/30/201612:10:00Mechel Reports Decisions of Its Extraordinary General Meeting...
05/27/201609:37:18Report of Foreign Issuer (6-k)
05/24/201611:13:04Report of Foreign Issuer (6-k)
05/24/201611:00:00Mechel Announces Change in Management
05/13/201616:06:10Report of Foreign Issuer (6-k)
05/13/201615:39:02Annual and Transition Report (foreign Private Issuer) (20-f)
05/13/201611:45:06Report of Foreign Issuer (6-k)
05/13/201608:47:41Report of Foreign Issuer (6-k)
05/13/201607:00:00Mechel Reports the 2015 Financial Results
05/13/201604:00:00Mechel Reports 2015 Operational Results
05/12/201612:26:33Amended Statement of Beneficial Ownership (sc 13d/a)
05/12/201612:24:56Amended Statement of Beneficial Ownership (sc 13d/a)
05/10/201611:13:14Report of Foreign Issuer (6-k)
05/10/201611:00:00Mechel Announces 2015 Financial Results Conference Call and Internet...
05/10/201610:19:49Report of Foreign Issuer (6-k)
05/10/201610:00:00SHAREHOLDER ALERT: Glass Lewis and ISS Recommend That Mechel...
05/05/201610:52:42Report of Foreign Issuer (6-k)
04/29/201611:32:14Report of Foreign Issuer (6-k)

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