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Metalloinvest Finance Designated Activity Company / Re Contract
Metalloinvest signs long-term contract with Severstal to supply iron ore
concentrate
16-Aug-2017 / 12:00 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS,
LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Moscow, Russia - 16 August 2017 - Metalloinvest and Severstal have signed a
new long-term contract for the supply of 1.8 mn tonnes of iron ore
concentrate, valid until 30 June 2018.
Deliveries will be made from Lebedinsky GOK (part of Metalloinvest). The
contract also covers the supply of dry iron ore concentrate in the winter.
Pricing will be determined through a formula based on market indicators for
iron ore prices in both global and domestic markets.
Nazim Efendiev, First Deputy CEO, Head of Sales, Management Company
Metalloinvest, commented: "Metalloinvest's production facilities are capable
of meeting the growing demand of Russian steel companies for high-quality
iron ore. The new contract continues the successful and long-lasting
partnership between Metalloinvest and Severstal."
Dmitry Sakhno, Director, of Raw Material Sales, Procurement and Logistics,
Severstal, noted: "Severstal has been purchasing iron ore from Metalloinvest
since 2010. This new contract is a testament to our absolute satisfaction
with the quality of the products."
# # # #
For more information, please contact:
Artem Lavrischev
Director of Investor Relations and Corporate Ratings
E: ir@metalloinvest.com
T: +7 (495) 981-55-55
Metalloinvest is a leading global iron ore and merchant HBI producer and
supplier, and one of the regional producers of high-quality steel. The
Company has the world's second-largest measured iron ore reserve base and is
one of the lowest-cost iron ore producers.
Metalloinvest is wholly owned by USM Holdings. Alisher Usmanov is the major
beneficiary of USM Holdings (49%), with other major beneficiaries being the
companies of Vladimir Skoch (30%) and Farhad Moshiri (10%).
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Archive at www.dgap.de/ukreg
Language: English
Company: Metalloinvest Finance Designated Activity Company
28, Rublevskoye shosse
121609 Moscow
Russia
Phone: +7 (495) 981-5555
Fax: +7 (495) 981-9992
E-mail: ir@metalloinvest.com
Internet: http://www.metalloinvest.com/
ISIN: XS0918297382
WKN: B9HLRV8
Listed: Foreign Exchange(s) Dublin
Category Code: CNT
TIDM: IRSH
Sequence No.: 4532
End of Announcement EquityStory.RS, LLC News Service
601773 16-Aug-2017
(END) Dow Jones Newswires
August 16, 2017 06:00 ET (10:00 GMT)
