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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)
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)
09/15/201509:51:36Report of Foreign Issuer (6-k)
09/15/201509:39:02Report of Foreign Issuer (6-k)
09/15/201506:06:24Report of Foreign Issuer (6-k)
09/10/201511:11:42Report of Foreign Issuer (6-k)
09/09/201510:47:41Report of Foreign Issuer (6-k)
09/04/201506:11:15Report of Foreign Issuer (6-k)
09/02/201511:36:57Report of Foreign Issuer (6-k)
08/31/201511:47:20Report of Foreign Issuer (6-k)
08/19/201517:15:50Report of Foreign Issuer (6-k)
07/27/201508:44:14Report of Foreign Issuer (6-k)
07/01/201509:08:00Report of Foreign Issuer (6-k)
07/01/201508:50:42Report of Foreign Issuer (6-k)
06/29/201508:49:44Report of Foreign Issuer (6-k)
06/23/201510:37:00Report of Foreign Issuer (6-k)

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