Mechel prolongs coal supply contract with China’s Jidong Cement
Published by Lucy Stewardson,
Editorial Assistant
World Cement,
Mechel PAO, one of Russia’s leading mining and metals companies, has reported that it is prolonging its contract with Jidong Cement. The contract, for coal supply to the cement company, will be prolonged until the end of 2019.
According to the agreement, Mechel will supply its Chinese partners with 2 million tpy of thermal coal, mined at the company’s South Yakutia facilities, Elgaugol OOO, and Yakutugol Holding Co. AO.
Supplies will vary from 100 000 tpm to 150 000 tpm of coal products. Prices will be adjusted on a monthly basis, following negotiations and on the basis of index rates.
“This is a third major contract signed by Mechel and Jidong Cement,” said Pavel Shtark, CEO of Mechel. “I am sure that our ties will continue to develop in a constructive manner in the future. It is also important to note that Jidong Cement is a key customer of Elga’s thermal coal in Asia – in 2017 we supplied our Chinese partners with 1.9 million t and another 1.4 million in 2018. In 2019, we plan to export thermal coal from Elga in comparable volumes.”
Read the article online at: https://www.worldcement.com/europe-cis/20122018/mechel-prolongs-coal-supply-contract-with-chinas-jidong-cement/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Amrize debuts as independent, publicly traded company
Amrize announces its debut today as an independent, publicly traded company with the completion of its 100% spin-off from Holcim.
