NLMK and Severstal bid for coking coal deposit in Komi

Friday, 26 November 2010 10:39:30 (GMT+2)

The Russian steelmaking companies Novolipetsk Steel (NLMK) and Severstal have applied to participate in a tender for the license to develop the third mine field of the Usinskoye coal deposit in Russia's Komi Republic, Russian newspaper Kommersant has reported.

Accordingly, the field's coal reserves of C1 category have been estimated at 227.2 million mt of high quality coking coal (grade Zh (2Zh) and KZh under Russian classification) with concentrate yield of 79-82 percent.

The initial payment has been fixed at Ruble 800 million (about $25.5 million), with the winner to be determined on January 21 next year.

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