Mittal Steel, one of the world steel giants, intends to buy Elegest coal minefield, Tuva. It is going to be a 1 billion dollar deal between the foreign company who with this step can come to the Russian market and Mezhprombank whose Yenisei Industrial Company owns the licence for developing Tuvan coal, Kommersant daily reports.
Elegest minefield disposes of 1 bln tn of the high quality coky coal. The whole reserve is estimated at 20. It is one 6 mtr-thick layer of coal.
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Posts of 10.03.2006
minefield, Tuva. It is going to be a 1 billion dollar deal between the foreign company who with this step can come to the Russian market and Mezhprombank whose Yenisei Industrial Company owns the licence for developing Tuvan coal, Kommersant daily reports. 