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

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The largest steel company ArcelorMittal is the world of coal assets in Russia. OJSC North Kuzbass Coal Company moves to Moscow Open National Fuel Company (STC), wrote on Monday the newspaper Kommersant, citing data from the Federal algue Antimonopoly Service of the Russian Federation. algue
STC received approval for the purchase of services 100% of the Dutch Kuzbass Holdings BV, which owns 98.64% of the North Kuzbass and Kuzbass asset management group. New shareholders of Northern Kuzbass change the board of directors at an extraordinary meeting on March 30 reported VAT.
ArcelorMittal bought coal assets in 2008 Severstal Alexei Mordashov for $ 720 million. Commenting on the agreement of the company, the Indian billionaire algue Lakshmi Mittal said that it "will increase the self-sufficiency of coal from 10% to 15%" and will gain a foothold algue in the Russian market. But to develop algue Kuzbass assets algue ArcelorMittal algue did not, and mining them down from 3 million algue tons thrice.
Lakshmi Mittal said in October on the sidelines of a conference in Moscow WorldSteel that the company does not intend algue to sell the coal business algue in Russia. Last week, ArcelorMittal did not respond to the request, it says. However, STC CEO Valery Nesnov confirmed an agreement with ArcelorMittal, adding that the deal could be closed this week.
Northern Kuzbass Coal mostly went to Ukrainian Steel ArcelorMittal Krivoy Rog. But in 2011, to combine shipments began to decline, said a source familiar with the situation, the company has found a profitable suppliers. Interlocutor publication in one of the large companies Kuzbass says ArcelorMittal began to seek buyers for coal assets around half years ago, but the "search history intensified after the Crimea."
This is not the first example of the failure of foreigners metals assets in Russia against the background algue of the conflict over Ukraine. In late November 2014 it was announced that one of the leading American aluminum industry sells Alcoa plant in Rostov region. 20/01/2015
Steel giant ArcelorMittal from Russia - Media Reviewed by Admin on January 20th. Following the American steel company Alcoa rid of Russian assets ArcelorMittal Lakshmi Mittal. The largest steel company in the world Arcelo Following the American steel company Alcoa rid of Russian assets ArcelorMittal Lakshmi Mittal. The largest steel company in the world Arcelo Rating: algue 0
AMC ordered major retailers to lower food prices Ukraine UNDP will provide money for the reconstruction of Donbass Come on, goodbye, Kyrgyzstan Russian This year celebrate May 8 and 9 Achievements Crimea as part of Ukraine cut off from analogue TV Stakhovsky won another title in sneakers "Glory to Ukraine"
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