Severstal, NLMK May Compete for Coal Rights, Kommersant Reports

Bloomberg reported on a competition for rights to a coal-rich area in northern Russia.

The market news is quoted as saying:

Severstal billionaire Chief Executive Officer Alexei Mordashov wrote to Prime Minister Vladimir Putin asking the government to sell the rights to mine the Usinsk-1 deposit in one lot, while NLMK owner Vladimir Lisin has lobbied to split it in two for development with Severstal, Kommersant reported.

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