ArcelorMittal completes acquisition of 3 mines in Russia
World's biggest steelmaker ArcelorMittal on Thursday said it has completed the acquisition of three coal mines and associated assets in Russia for $18 million.
By PTI |
NEW DELHI: World's biggest steelmaker ArcelorMittal on Thursday said it has completed the acquisition of three coal mines and associated assets in Russia for $18 million.
The company has acquired a 97.9 per cent stake in Berezovskya mine together with a 99.46 per cent equity in Pervomsyskaya mine from Severstal in that country's Kemerovo region, the company said in a release.
Besides, the steel company has completed 100 per cent acquisition of Anzherskoyo mine in the same region.
Production from these mines, which have a combined total reserve of 140 million tons, was 3.14 million tons last year, it added.
The company has acquired a 97.9 per cent stake in Berezovskya mine together with a 99.46 per cent equity in Pervomsyskaya mine from Severstal in that country's Kemerovo region, the company said in a release.
Besides, the steel company has completed 100 per cent acquisition of Anzherskoyo mine in the same region.
Production from these mines, which have a combined total reserve of 140 million tons, was 3.14 million tons last year, it added.
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