Help Desk -
9717405332, 9599714297, 9810335381

Mechel inks coal supply contract with China’s Jidong Cement

Coal News - Published on Fri, 22 Dec 2017

Image Source:
Mechel PAO one of the leading Russian mining and metals companies, reports signing a memorandum for coal supply with China’s Jidong Cement, one of the world’s top cement producers.

According to the memorandum, Mechel will supply its Chinese partners up to three million tonnes of steam coal mined at Elgaugol OOO’s Elga Open Pit and Yakutugol Holding Company AO’s Neryungrinsky Open Pit. Prices will be adjusted on a monthly basis following negotiations and on the basis of index rates.

Mechel PAO’s Chief Executive Officer Oleg Korzhov said that “Jidong Cement is our longstanding and strategic partner in Asia, and we aim to continue our long-term and mutually profitable partnership. Mechel’s mining division has met all its obligations on our prior agreement. Today, Jidong Cement is the chief foreign consumer of Elga’s steam coal.”

Source :

Posted By : Nanda Koijam on Fri, 22 Dec 2017
Related News from Coal segment