Russia: Severstal acquires the debt obligations of Yakovlevsky mine from Gazprombank
PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, has acquired from Gazprombank rights for loans and accrued interest of Metal-group LLC worth over 12 billion rubles as well as collateral for the loans. Metal-group LLC is the owner of the mining license for the central part of Yakovlevsky iron-ore…