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электронный журнал "Новые исследования Тувы"

Evraz Won't Develop Coal Field

Evraz Group said Monday that it had renounced the right to purchase the license to develop the Mezhegeiskoye coal deposit, which it won in a hotly contested auction last year, because of weakening market conditions. Evraz unit Yuzhkuzbassugol had offered 16.9 billion rubles ($510 million) to win the right to the license in July, beating out competitors including Oleg Deripaska's Basic Element for the deposit in the Tuva region.

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