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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)
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)
06/23/201506:14:29Report of Foreign Issuer (6-k)
06/22/201510:41:51Report of Foreign Issuer (6-k)
06/09/201507:07:42Report of Foreign Issuer (6-k)
06/05/201510:30:06Mechel and VTB Reach Deal on Debt
06/05/201510:21:35Mechel and VTB reach Deal on Debt
06/05/201505:31:14Russia's Mechel Reaches Preliminary Debt Restructuring Deal With...
04/29/201509:11:27Report of Foreign Issuer (6-k)
04/28/201512:22:41Report of Foreign Issuer (6-k)
04/28/201506:29:01Report of Foreign Issuer (6-k)
04/28/201506:15:00Mechel Reports the 2014 Financial Results
04/28/201503:45:00Mechel Reports 2014 Operational Results
04/24/201507:58:24Report of Foreign Issuer (6-k)
04/21/201507:50:28Report of Foreign Issuer (6-k)

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