12:52, 19 September 2019

Mechel Signs Partnership Agreement with Rosgeo

Leading Russian mining and metals company Mechel PAO, a Metal-Expo regular exhibitor has signed an agreement of intent on partnership in mineral resource management with AO Rosgeo. The ceremony was on the sidelines of V Eastern Economic Forum, with the agreement signed by Rosgeo’s Chief Executive Officer and Chairman of the Board Sergei Gorkov and Mechel PAO’s Chief Executive Officer Oleg Korzhov. According to the agreement, the sides voiced their intent to join forces in seeking, appraising and exploring new highly profitable mineral resource deposits and their further development. The document also provides for a possibility of Mechel and Rosgeo creating joint ventures in order to seek out, assess and develop mineral deposits. The two sides also agreed to consider various options for actualizing, reassessing and additional exploration of suspended fields and bringing them into production.

Mechel PAO’s Chief Executive Officer Oleg Korzhov said “Rosgeo’s unique experience and state-of-the-art digital solutions the company uses will enable us to explore our mineral resources and develop promising deposits in the Far East Region more efficiently. I am sure that our bilateral ties will have a positive impact on Russian mining industry’s further development.”

Mechel PAO welcomes all steel industry professionals to visit its stand at Metal-Expo'2019, the 25th Jubilee International Exhibition, November 12-15, Hall 75, VDNHa, Moscow, Russia. Stand N 1B06.

The total of more than 530 companies from 34 world countries will attend Metal-Expo’2019, while more than 30k steel industry professionals from all over the world are expected to visit the event.   

New on the topic

Electronic registration now open for the June Castings and Metal Structures Exhibition complex

The electronic registration for the specialised exhibitions Metallurgy.Russia'2024 and Litmash.Russia'2024, as well as the forum for manufacturers of metal structure...

22 March, 16:13

Stainless steel consumption in Russia increased by 27%.

The association 'Spetsstal' has reported that the visible consumption of the main types of stainless steel products in Russia increased by 27.3% to 661.9 thousand tonnes in 2023, compared to 2022. This represents an ...

20 March, 13:33

Mechel PAO (MOEX: MTLR), has summarised its production and sales results for 2023.

Mechel PAO (MOEX: MTLR), a prominent Russian mining and metals company, has released its operating results for Q4 and 12M 2023. Oleg Korzhov, Chief Executive Officer, stated that the averag...

28 February, 12:48

Stocks of non-ferrous metals from Russian Federation on the LME increased 2.5 times

In 2023, the stocks of non-ferrous metals from the Russian Federation on the London Metal Exchange (LME) increased significantly. It is worth noting that traders primarily engage in tradin...

02 February, 15:56
Subscription to newsletter