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MECHEL DIRECTOR REQUESTS CONTRACT TO BE TEMPORARILY ANNULLED

SISAK, March 7 (Hina) - On behalf of the Russian company Mechel, the director of the Mechel Ironworks Sisak company, Nassibulla Mukhatdinov, on Friday asked of the bankruptcy co-ordinator in Sisak Ironworks, Blanka Oresic-Anducic, "that the contract on business cooperation and preparations for the start of production, signed on February 24, be temporarily annulled".
SISAK, March 7 (Hina) - On behalf of the Russian company Mechel, the director of the Mechel Ironworks Sisak company, Nassibulla Mukhatdinov, on Friday asked of the bankruptcy co-ordinator in Sisak Ironworks, Blanka Oresic-Anducic, "that the contract on business cooperation and preparations for the start of production, signed on February 24, be temporarily annulled". #L# Mukhatdinov explained the request with the fact that "the Croatian government at yesterday's session did not reach a decision on the contract on the sale of Sisak Ironworks in bankruptcy to Mechel Ironworks going into force". He informed the co-ordinator that Mechel was forced to stop all preparations for the start of production in the ironworks as of tomorrow. The preparations will continue as soon as the government passes the necessary decisions, Mukhatdinov said. "Mechel Ironworks is prepared to immediately pay all the expenses for preparing production, including today," said Mukhatdinov in a statement. (hina) lml sb

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