Mechel sells its shares in Yakutia’s Elga for 34.3 billion rubles
Edited by Rhod Mackenzie / 2016-04-06 11:34:40
The Mechel Group of Igor Zyuzin has sold 49% of the company Elgaugol (which owns the Elga deposit with reserves of 2.2 billion tons of coal) and 49% of Elga-Road (which owns the railway of Ulak - Elga from the deposit to the Baikal-Amur Mainline, the length is 321 km) to Gazprombank, the company reports. The transaction will also include 49% of the company Mechel Trans Vostok, which is a transport operator of the railway line, the RBC reports.
