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Russia Gazprombank to sell 34 in Elga to Mechel The

Oct 04 2019 0183 32 Gazprombank plans to sell a 34 stake in the Elga coal project to metals and mining group Mechel for slightly over 30 billion rubles a source familiar with the situation reported He also said the deal should be closed by January 20 2020 On September 30 a spokesman for Mechel said that the company accepted...

Major Mines Projects Cordero Rojo Mine

The Cordero Rojo Mine uses a combination of dragline and truck shovel mining methods Surface mining typically involves the removal of topsoil and drilling and blasting the overburden with explosiv The overburden is then removed with draglines trucks shovels and dozers Trucks and shovels then remove the coal...

Mechel divests RUB343bn Elga project share

Jun 29 2016 0183 32 Mining company Mechel PAO NYSE MTL MCX MTLRME reported on Tuesday that it has completed the sale of its 49 share in the Elga coking coal deposit development project to Gazprombank AO for RUB343bn Under the terms of the agreement Gazprombank received 49 of the shares in Elgaugol OOO Elga-Doroga OOO as well as Mecheltrans Vostok OOO...

Russia s Mechel Sells Main Coal Mine Project to Reduce

Apr 23 2020 0183 32 Elga requires further investments to develop while Mechel whose net debt stood at 400 billion roubles 52 billion at the end of 2019 spent months on debt restructuring talks with its creditors Mechel controlled by businessman Igor Zyuzin sold the 51 per cent in the Elga project to A-Property controlled by Russian businessman Albert...

Russia s Mechel won t buy back stake in Elga coal mine

Jan 21 2020 0183 32 It sold a 49 stake in its Elga project one of the world s largest coking coal deposits with reserves of 22 billion tonnes to Gazprombank in 2016 as part of a debt restructuring process...

Russian tycoon buys 49 of Elga coal project talks to

Russian businessman Albert Avdolyan has reached an agreement to buy a 49 stake in the major Elga coal project in Russia from Russian lender Gazprombank the bank said in a statement on Monday...

Russian miner Mechel in talks to sell stake in Elga coal

Mar 20 2020 0183 32 The Elga coal project is located in south-eastern Yakutia about 415km east of Neryungri Mining at the coalfield began in 2011 and subsequently the first phase of the project was developed which included construction of a mining facility which can produce 117 million tonnes of coal per year...

Mechel completes sale of 49 stake in Elga coking coal

Russian mining and steel group Mechel has announced the closure of the deal on the sale of a 49 percent share in the Elga coking coal deposit development project to Russian bank Gazprombank with a value of RUB 343 billion 53215 million According to the agreement Mechel has sold a 49 percent stake in Elgaugol the operator company of the project and owner of its subsoil license a 49...

Russia s Mechel sells main coal mine project to reduce

Elga requires further investments to develop while Mechel whose net debt stood at 400 billion roubles 52 billion at the end of 2019 spent months on debt restructuring talks with its creditors Mechel controlled by businessman Igor Zyuzin sold the 51 per cent in the Elga project to A-Property controlled by Russian businessman Albert...

Russia Mechel to lose Elga project because of debts in

Feb 20 2019 0183 32 Russian metals and mining group Mechel may lose its Elga project already this year in order to pay debts after 2020 five sources close to parties of the possible deal reported The sources named industrial corporation Rostec Vostokugol of Dmitry Bosov and Alexander Isayev and Coalstar of Eduard Khudainatov among companies interested in the Elga...

Russian tycoon buys 49 per cent of Elga coal project

MOSCOW Russian businessman Albert Avdolyan has reached an agreement to buy a 49 per cent stake in the major Elga coal project in Russia from Russian lender Gazprombank the bank said in a statement on Monday Avdolyan s company A-Property is still in talks to buy the remaining 51 per cent in the project from Russian steel and coal producer MechelFor indebted Mechel Elga is the biggest...

Elga Coal Complex

The Elga coal mining project is located in the south-eastern region of the Sakha Republic Yakutia approximately 415 east of Neryungiri The nearest port facility is at Vanino which is 1 900km by rail while the Possiet Commercial Port in the Primorsky Territory is approximately 2 430km via rail...

Mechel completes Elga rail link

Mechel has announced the completion of track laying activities along the railway link from Ulak station to the Elga coal deposit in Russia Home Surface mining Providing investors with access to the very best mining projects from exploration to production Insight on new mining equipment and management techniques to help mine...

Ugor Zyuzin will throw the corner of Eduard Hudainatov

Elga is the main project of Mechel without it there will be nothing interesting from the company says Kirill Chuiko head of the analytical department at BCS Global Markets Mechel owns 51 each of the three assets of the Elga project - Elgaугule Elga Road and Mechel Trans East 49 each of these companies are owned by Gazprombank...

Russia s Mechel to pay 461 mln for stake in Elga coal

Oct 03 2019 0183 32 A roundup of all the mining news in the precious metals sector with a variety of company news mining sector analysis newsletter writer insights and executive interviews...

Russian tycoon buys 49 of Elga coal project talks to

Avdolyan s company A-Property is still in talks to buy the remaining 51 in the project from Russian steel and coal producer Mechel MTLRMMFor Mechel Elga is the biggest growth asset but it...

Elga Coal Complex Sakha Republic Yakutia Russia

Project location geology and reserv The Elga coal mining project is located in the south-eastern region of the Sakha Republic Yakutia approximately 415 east of Neryungiri The nearest port facility is at Vanino which is 1 900km by rail while the Possiet Commercial Port in the Primorsky Territory is approximately 2 430km via rail...

Russian firm asks for regulator s permission to buy Elga

Jan 28 2020 0183 32 Russian company A-Property said on Tuesday it had formally requested permission from the country s anti-monopoly regulator to buy a 100 stake in the Elga coal project...

VostokCoal

The VostokCoal company manages the construction process of Severomuysky Tunnel-2 It is the largest railway infrastructure project in Russia Since 2018 VostokCoal manages two major projects in the Russian Far East construction of Port Vera coal terminal in Primorsk Territory and development of Sugodinsko-Ogodginskoye coal field in Amur Region...

Russia s Mechel sells main coal mine project to reduce

Mechel controlled by businessman Igor Zyuzin sold the 51 in the Elga project to A-Property controlled by Russian businessman Albert Avdolyan for 89 billion roubles 12 billion Mechel sa...

Mechel Recognized for Elga Project

Oct 16 2012 0183 32 Mechel has been acknowledged for its contribution in the development of the mining industry in Russia...

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PJSC Mechel Mechel Reports Selling Elga Coal Complex and

MECHEL REPORTS SELLING ELGA COAL COMPLEX AND COMPLETING RESTRUCTURING PROCESS WITH STATE-CONTROLLED LENDER BANKS Moscow Russia - 22 April 2020 - Mechel PAO MICEX MTLR NYSE MTL one of the leading Russian mining and metals companies reports closing the deal on the sale of companies comprising Elga Coal Complex and signing agreements...

Russia Elga Coal Complex IEA Clean Coal Centre

Apr 24 2020 0183 32 Project location geology and reserv The Elga coal mining project is located in the south-eastern region of the Sakha Republic Yakutia approximately 415 east of Neryungiri The nearest port facility is at Vanino which is 1 900km by rail while the Possiet Commercial Port in the Primorsky Territory is approximately 2 430km via rail...