28
Jun
21:09
Mechel completes sale of Elga share to Gazprombank
Russian steel producer and miner Mechel tells Kallanish that it has closed the sale of a share in its Elga coking coal deposit to Gazprombank. This is part of Mechel’s debt restructuring process, the company says.
The Elga coal deposit is Russia’s largest and one of the world’s largest deposits of high-quality coking coal, located in South Yakutia. Its reserves amount to around 2.2 billion tonnes, Mechel says.
According to the sales agr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous