“Raspadskaya” signed a 5-year contract with Hyundai Steel Company

OJSC “Raspadskaya” informs about the signing of a long-term contract with the Hyundai Steel Company on the supply of coal products with a gradual increase of the annual volumes up to 300 000 tons linking to an international price forming system. Earlier there was signed a memorandum of intentions between Raspadskaya and Hyundai Steel Company.

CEO of CJSC “Raspadskaya Coal Company” G.Kozovoi noted: “A signing of a 5-year contract confirms an intention of the companies to develop long-term cooperation in coal products supply sector.”

The ceremony of signing a 5-year contract took place on March 5, 2013 in Minenergo, Russia with the participation of a deputy Minister of Energy of the Russian Federation, A.Yanovsky and the head of coal and peat industry department of the Ministry of Energy of Russia C.Alekseev.