According to the document, in the period from January to December 2020, Mechel will send STX Corporation up to 1.2 million tons of products: coking and thermal coal from the southern Yakutia production sites, PCI coal produced by Yuzhny Kuzbass.
“We continue to successfully implement our strategy to diversify supplies to promising markets in the Asia-Pacific region. Guaranteed sales allow you to optimally load your coal mining capacity and plan logistics. We also agreed that our partners from the STX holding will act as intermediaries in the search for new potential consumers of Mechel's coal products in the metallurgy and energy sectors, as well as in other industries, ”commented Pavel Shtark, Deputy General Director of Mechel PAO. p>
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Mechel PAO Ekaterina Videman Tel .: +7-495-221-88-88ekaterina.videman@mechel.com
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Mechel is a global mining and metals company. The company's products are supplied to Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electricity. All businesses operate in a single production chain: from raw materials to high value-added products.
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Certain statements in this press release may contain assumptions or predictions about future events or the future financial performance of Mechel PAO in accordance with the provisions of the 1995 US Securities Litigation Reform Act. We would like to caution you that these statements are only assumptions and the actual course of events or results may differ materially from those stated. We do not intend to revise or update these statements. We refer you to the documents that Mechel periodically submits to the US Securities and Exchange Commission, including the Form 20-F annual report. These documents contain and describe important factors, including those identified in the "Risk Factors" section and "Note on the forecasts contained in this document" in Form 20-F. These factors could cause material differences between actual results and our assumptions and forecasts regarding upcoming events, including, but not limited to, achieving the anticipated level of profitability, growth, cost and efficiency of our recent acquisitions, the impact of competitive pricing, the ability to obtain the necessary regulatory approvals and confirmations. the state of the Russian economy, the political and legal environment, volatility of stock markets or the value of our shares or ADRs, financial risk management and the impact of the general business situation and global economic conditions.
10/17/2019
