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15.07.2010 MMK (Magnitogorsk) plans to invest $300 m in Belon


Investing the money during the thee-year period, the company plans to reach 80-per-cent level of coal self-provision (currently 50 per cent), Oleg Fedonin (MMK, VP),

In July, the company purchased license to develop Nikitinskoye deposit of 260 m t of Zh-graded coal (according to Russian classification), he adds.


Source:   metcoal.ru