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.”
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.