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Russian Regulator Says It Hasn’t Revoked Mechel Unit’s Licenses

March 26 (Bloomberg) -- Russia’s environmental regulator said it hasn’t withdrawn licenses belonging to OAO Mechel’s South Kuzbass unit, according to a statement on its website.

“We consider inappropriate the dissemination of false information with reference to an unnamed source at Rosnedra,” according to the statement from Rosnedra, a regional unit of the Federal Subsoil Resource Agency. The incorrect information led to a drop in the company’s market capitalization, the statement shows.

To contact the reporter on this story: Jason Corcoran in Moscow at

To contact the editor responsible for this story: Frank Connelly at

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