Russian metals and mining giant Mechel has signed an agreement of intent to sell up to 1.2 million tons of coal to South Korea’s STX Corporation in 2020, the company said.
“We continue with successful implementation of our strategy of diversifying our supply flow to Asia Pacific’s promising markets. Guaranteed sales enable us to ensure optimal load on our coal facilities and plan our logistics ahead,” Deputy CEO Pavel Shtark was quoted as saying. “We also agreed that our STX partners will act as mediators in finding new potential clients for Mechel’s coal products among steelmakers and power companies, as well as other industries.” (Prime/Ukrainian metal)