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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; kyong-ae.choi@dowjones.com

Stock News for Mechel Oao (MTL)
DateTimeHeadline
02/11/201607:02:52Mechel Starts 100-Meter Rail Supplies to Russian Railways
02/04/201614:04:02Report of Foreign Issuer (6-k)
02/04/201612:25:00Mechel’s Board of Directors Recommends Shareholders to Approve D...
02/03/201610:54:14Report of Foreign Issuer (6-k)
01/28/201606:13:38Report of Foreign Issuer (6-k)
01/05/201608:49:58Post-effective Amendment to a Previously Filed F-6. (f-6 Pos)
12/29/201513:43:46Report of Foreign Issuer (6-k)
12/23/201506:11:17Report of Foreign Issuer (6-k)
12/16/201506:38:06Report of Foreign Issuer (6-k)
12/16/201506:18:12Report of Foreign Issuer (6-k)
12/15/201507:35:58Report of Foreign Issuer (6-k)
12/01/201510:32:04Report of Foreign Issuer (6-k)
12/01/201510:27:35Mechel Reports Management Change
10/12/201505:10:00Mechel Reports Launch of the New Long Wall Face at Olzherasskaya-Novaya...
09/21/201520:46:14Mechel Reports the 1H 2015 Financial Results
09/21/201520:46:14Mechel Reports 1H2015 Operational Results
09/21/201520:46:12Mechel Announces the 1H 2015 Financial Results Conference Call...
09/21/201520:46:08Mechel Reports Restructuring Loan With VTB
09/18/201512:02:01Report of Foreign Issuer (6-k)
09/18/201511:08:47Report of Foreign Issuer (6-k)

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