Wednesday, March 25, 2015

This is not the first example of the failure of foreigners metals assets in Russia against the back


http://povnatorba.blogspot.com/2015/01/blog-post_788.html
The world's largest steel corporation sells coal "Southern Kuzbass", bought in 2008 for $ 720 million. ArcelorMittal and failed to develop an asset: the 2013 production decreased almost three times, but to sell it pushed elphicks the Russian-Ukrainian conflict, according to market participants, writes elphicks "Kommersant".
ArcelorMittal reported a significant reduction elphicks of losses in the fourth quarter of 2013 - to $ 1.2 billion compared elphicks with $ 3.8 billion elphicks in the fourth quarter of 2012. Following the 2013 EBITDA of ArcelorMittal elphicks was $ 6.9 billion, which is 10.7% more than the year before.
At the beginning of 2014, the balance reserves of mines included in "Northern Kuzbass" - "Berezovsky" and "May Day" amounted to 156.5 million tons of coking coal. According to "Kommersant" common stocks of raw subject areas - about 300 million elphicks tons of coal.
Coal "North Kuzbass" basically went to Ukrainian Steel "ArcelorMittal elphicks Krivoy Rog". But in 2011, to combine shipments began to decline, says a source publication, the company has found a profitable suppliers.
This is not the first example of the failure of foreigners metals assets in Russia against the background of the conflict in Ukraine. At the end of November 2014 it was announced that one of the leading American aluminum industry sells Alcoa plant in Rostov region.
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