Evraz wins right to develop Mezhegeiskoye coal deposit
Published: 25 July, 2008, 08:30
Evraz, one of the world's biggest steel and mining companies, has won the right to develop a coal deposit in Siberia.
Evraz won the auction, beating Oleg Deripaska's Basic Element, Severstal and Novolipetsk Steel.
The bid of 725 million dollars for the Mezhegeiskoye deposit was 48 times more than the starting price. The steel major plans to invest another 1.5 billion dollars into developing the deposit.
25.07.2008, 08:26
TNK-BP Chief Robert Dudley leaves MoscowRussian-British oil company TNK-BP says its head, Robert Dudley, has left Moscow temporarily – but that won't affect its operations. |
25.07.2008, 08:32
Prime Minister Putin criticises Mechel pricing policyPrime minister Vladimir Putin has criticised the coal and steel group Mechel's pricing policy. Russia's antimonopoly regulator – the Federal Anti Monopoly Service – has already launched an investigation into the company. |
