Russian metals and resource company, Mechel OAO, announced it has signed a contract for the supply of 2-3Mt of thermal coal to Tangshan Jidong Cement Co.
The contract term, which will see Mechel supply Russian thermal coal, runs from December 2016-December 2017. The sales price of the coal is to be fixed each month based on the prevailing market rate.
Michael will ship coals produced by its subsidiaries such as Elgaugol, Yakutugol Holding Co and Southern Kuzbass Coal Co.
Previously Mechel was contracted to supply 1Mt of coal to Tangshan Jidong cement in April 2015-March 2016.
