Ore falters under "Timir".
Edited by Rhod Mackenzie / 2016-01-27 06:50:06
ALROSA Finance Metals and mining Russia Russia mineral extraction Evraz Shares Russia Metals and Mining Iron ore
The government of Yakutia are dissatisfied with the company.
The government of Yakutia once again threaten iron ore MMC "Timir", the joint company of Evraz and Alrosa, with the withdrawal of the license for the Taiga deposit with reserves of 1.4 billion tons of ore. They were not satisfied that "Timir" still did not name clear parameters of Taiga development, in fact abandoning previous plans for large-scale construction of the steelmaker in the republic. But finding other investors for the project will be difficult, the experts state.
