trending Market Intelligence /marketintelligence/en/news-insights/trending/XkUeyzGiJekEGAKbkBjMVA2 content esgSubNav
In This List

Mechel inks 1-year supply deal with Chinese firm on Elga coal

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Mechel inks 1-year supply deal with Chinese firm on Elga coal

Mechel PAO on Dec. 21 said it struck a one-year deal to supply coal from the Elga mine in Russia to China's Jidong Cement.

The Russian group will supply up to 3 million tonnes of steam coal starting this month, with prices to be settled on a monthly basis.

Mechel booked a net loss of 2.76 billion Russian rubles in the third quarter of 2016, swinging from a net profit of 7.99 billion rubles in the second quarter.

As of Dec. 20, US$1 was equivalent to 61.37 Russian rubles.