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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
04/29/201611:32:14Report of Foreign Issuer (6-k)
04/29/201611:00:00Mechel Reports Transition to International Financial Reporting...
04/27/201609:38:42Notification That Form 20-f Will Be Submitted Late (nt 20-f)
04/18/201611:00:00SHAREHOLDER ALERT: Address of Chairman of Mechel’s Board of D...
04/18/201610:12:45Report of Foreign Issuer (6-k)
04/18/201609:30:00Mechel Reports Restructuring Loan With Sberbank
04/14/201610:05:52Report of Foreign Issuer (6-k)
04/14/201609:06:22Shareholder Alert: Mechel’s Board of Directors Recommends Shareholders t...
04/11/201609:44:25Report of Foreign Issuer (6-k)
04/04/201610:55:31Report of Foreign Issuer (6-k)
04/04/201610:50:00Mechel Announces That Gazprombank Gets an Option to Buy Share...
03/31/201611:27:18Report of Foreign Issuer (6-k)
03/31/201610:52:01Mechel to Supply China’s Baosteel Resources With Nearly One M...
03/17/201610:13:50Report of Foreign Issuer (6-k)
03/17/201610:05:00Mechel Reports Changes in Management
03/09/201619:46:41Mechel Reports Decisions of Its Extraordinary General Meeting...
03/09/201609:30:23Report of Foreign Issuer (6-k)
03/04/201613:10:00Report of Foreign Issuer (6-k)
02/17/201609:36:56Report of Foreign Issuer (6-k)
02/17/201609:30:00Glass Lewis and ISS Recommend That Mechel Shareholders Vote...

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