Severstal, NLMK May Compete for Coal Rights, Kommersant Reports
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OAO Severstal and OAO NLMK may compete for rights to a coal field in northern Russia that holds 620 million metric tons of resources, Kommersant said, citing people it didn’t identify.
Severstal billionaire Chief Executive Officer Alexey 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.