Mechel OAO (MTL +7.3%) moves up after saying its inked a supply contract with RAO Energy Systems...

|About: Mechel OAO (MTL)|By:, SA News Editor

Mechel OAO (MTL +7.3%) moves up after saying its inked a supply contract with RAO Energy Systems of East, an energy holding company operating in the Far East. Under the pact, Mechel will supply RAO Energy Systems with coal from its Elga Coal Complex.