It is reported that the Ukrainian steel group Donetskstal has denied reports that it has made a proposal to ArcelorMittal to create a JV for the production of coking coal at the Karagaylinskaya mine located in Russia’s Kemerovo region or to sell 50% of the mine to ArcelorMittal.
It said “No negotiations are taking place in relation to the sale or the creation of a joint venture and the respective proposals for ArcelorMittal do not exist.”
Donetskstal also said that currently it is implementing a successful investment project at the Karagaylinskaya mine. (SteelOrbis)