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Baosteel, Posco may acquire stake in Mechel’s subsidiary

Elgaugol owns a license for developing a huge coking coal field in the Republic of Yakutia

MOSCOW, May 13. /ITAR-TASS/. Igor Zyuzin’s Mechel mining and metals company is negotiating selling a share in its Elgaugol company with South Korean Posco and Chinese Baosteel, the Vedomosti daily reports with reference to two sources close to a Posco’s counterparty and Mechel.

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