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Severstal Makes ‘Strategic’ Decision to Separate Nord Gold Unit
Sep. 29, 2011 11:33AM PST
Precious Metals InvestingBloomberg reported that Severstal (LON:SVST) intends to sell its Nord Gold unit.
Bloomberg reported that Severstal (LON:SVST) intends to sell its Nord Gold unit.
The market news is quoted as saying:
“Strategically we made a decision to separate gold,” Chief Executive Officer Alexey Mordashov said today in an interview in London. “It has no synergy with steel and steel- related mining.”
