Russia’s environmental regulator said it hasn’t withdrawn licenses belonging to OAO Mechel (MTLR)’s South Kuzbass unit, according to a statement on its website.
“We consider inappropriate the dissemination of false information with reference to an unnamed source at Rosnedra,” according to the statement from Rosnedra, a regional unit of the Federal Subsoil Resource Agency. The incorrect information led to a drop in the company’s market capitalization, the statement shows.
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