OREANDA-NEWS.  Lebedinsky Mining and Processing Works (LGOK) has signed an annual iron ore concentrate contract with Mittal Steel Temirtau (Kazakhstan). The contract provides for 40,000t of concentrate to be shipped monthly to the Kazakh plant, which accounts for 10% of LebGOK's sales volumes. Earlier LGOK has been supplying non-fluxed pellets to Mittal Steel plant.

A policy of selling on long-term contracts has been implemented at the enterprises of METALLOINVEST in the beginning of 2007. The company is going to adopt 3-5-year contracts for iron ore products export sales later this year.