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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
08/29/201606:14:46Report of Foreign Issuer (6-k)
08/29/201603:00:00Mechel Reports the 1H 2016 Financial Results
08/25/201609:50:29Report of Foreign Issuer (6-k)
08/04/201611:32:10Report of Foreign Issuer (6-k)
08/04/201607:43:38Report of Foreign Issuer (6-k)
07/21/201611:37:28Report of Foreign Issuer (6-k)
07/08/201610:34:18Report of Foreign Issuer (6-k)
07/01/201609:44:57Report of Foreign Issuer (6-k)
07/01/201608:23:50Report of Foreign Issuer (6-k)
06/30/201610:45:00Mechel Announces Results of Annual General Meeting of Shareholders
06/28/201615:09:56Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
06/28/201611:09:12Report of Foreign Issuer (6-k)
06/28/201611:00:00Mechel Announces Closure of the Deal on Selling Elga Project...
06/23/201611:01:30Report of Foreign Issuer (6-k)
06/23/201610:01:45Mechel Reports 1Q2016 Operational Results
06/21/201612:09:14Report of Foreign Issuer (6-k)
06/15/201606:09:40Report of Foreign Issuer (6-k)
06/15/201606:00:00Mechel Reports Change in Management
06/06/201609:11:02Report of Foreign Issuer (6-k)
05/31/201611:04:47Report of Foreign Issuer (6-k)

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