Mechel Announces Signing a Coking Coal Supply Contract

Mechel OAO, one of the leading Russian mining and metals companies, announces that its Mechel Trading AG subsidiary has signed a long-term coking coal supply contract with South Korean Hyundai Steel. In February 2009, visiting South Korea as a member of the Russian delegation headed by the Russian Federation Deputy Prime Minister Igor Sechin, Mechel OAO Chief Executive Officer Igor Zyuzin signed the... 

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Russian Oil Official ‘Not Worried’ About Production

A top government official shrugged off concerns about Russia’s stagnating oil output, saying several new fields are expected to come on stream by the end of the year. Deputy Prime Minister Igor Sechin — chairman of state-owned oil major Rosneft — told a briefing that he was “not worried” about the decline in Russia’s oil output in the first half of this year, adding... 

Russian oil major Rosneft ‘planning second IPO’

Russian state-controlled oil major Rosneft, the country’s number two oil producer, is planning a second listing, a newspaper has reported. The Kremlin “has taken a decision in principle to carry out a second IPO (Initial Public Offering)”, business daily RBK quoted an unnamed official from Russia’s federal property agency Rosimushchestvo as saying Wednesday. Nikolai Manvelov,...