Bloomberg News

Mechel Seeks to Buy Kureinsky Coal Deposit, Kommersant Reports

August 29, 2012

OAO Mechel (MTLR), Russia’s largest producer of coal for steelmakers, is seeking to buy the Kureinsky coal deposit from a joint venture of steelmakers Evraz Plc (EVR) and OAO Magnitogorsk Iron & Steel, Kommersant reported.

Kureinsky, in Siberia’s Kemerovo region, has about 60 million metric tons of coking coal reserves and may cost as much as $40 million, the newspaper said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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