Skip to main content

Mechel prolongs coal supply contract with China’s Jidong Cement

Published by
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

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

European cement news Cement news 2018