"Metalloinvest" to supply the "KOKS" group with 1 million tons of iron ore concentrate till May 2015.

Alisher Usmanov’s "Metalloinvest" group, the largest iron ore producer in Europe and the CIS, has signed a contract to supply more than 1 million tons of iron ore concentrate to "Tulachermet" (part of the "KOKS" group) within a year, "Metalloinvest" reports.

The deliveries of the concentrate to JSC "Tulachermet" will be carried out from JSC "Lebedinsky mining and processing complex" (a part of "Metalloinvest"). The pricing for the products supplied will be conducted using the prevailing market indicative prices, the formula takes into account the dynamics of the world market prices of iron ore raw materials (IORM), according to the release.

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