The Federal Antimonopoly Service of Russia has approved of the A-Property claim to buy 100% in the Elga coal project of Mechel.
In particular, the company will buy 100% in Elgaugol LLC, Elga-Doroga LLC and Mechel Trans Vostoc. Mechel owns 51% in these companies, and Gazprombank – the rest.
Elga is one of the largest coking coal deposits in the world with the reserves of 2.2 billion tons. (Ukrainian metal)