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22.04.2011 NLMK (Lipetsk) obtains permit to explore and develop Zhernovskiy Glubokiy parcel


The auction was completed in two steps, the winner taking a commitment to pay 420 m roubles for the permit (against the start price of 350 m roubles).

As communicated earlier, the 13.5-sq-km parcel contains c 72.637 m t of B+C-categorized black coal. It has no outcrop and lies under Zhernovskiy 1 parcel, already owned by NLMK.


Source:   metcoal.ru