Severstal to continue development of field in Tyva despite low coal price

Severstal will continue development of the Tsentralny site in the western part of the Ulug-Khem coal basin in Tyva, the company’s deputy general director for finance and economy Alexei Kulichenko reported to journalists.

"For w while, nothing special is happening at the project, only geological exploration is carried out. At the same time we don’t violate the terms of the license agreement and plan to continue the development of the field," - said Kulichenko during th conference call.