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27.09.2011 Deripaska to feed some coal to India


NMDC (India) keeps attempts to lay hands on Russian coal assets. After the failed negotiations over Kolmar with ONEKSIM, NDMC turned to negotiating the control interest in Erchim-Tkhane in Yakutia buying it from Oleg Deripaska`s En+ Group.

En+ put the asset up for sale intending to concentrate on Tuva and E.-Siberian coal projects.

NMDC may acquire 45 to 70-per-cent share in Erchim-Tkhane, IANS informs quoting Rana Som (NMDC, Chairman-cum-Managing Director).


Source:   metcoal.ru