Mechel Sells Chrome Assets to Yildirim Group for $425m

  • Friday, August 2, 2013
  • Source:

  • Keywords:FeCr,Ferroalloy,Mechel
[Fellow]
Russian coking coal and steel producer Mechel has agreed to sell its chrome mine in Kazakhstan and Russian smelting operation to Turkey’s Yildirim Group for $425 million, Mechel said on Thursday August 1.
 
Yildirim will acquire Mechel’s Voskhod mine in Kazakhstan’s Khromtau region and the Tikhvin ferro-alloy plant in Russia’s Leningrad region. The Tikhvin plant consumes half of the Voskhod mine’s output and can produce 120,000 tpy of high carbon ferro-chrome, with 69.5% chrome content. Tikhvin is Russia’s second-largest producer of high carbon ferro-chrome. 
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
  • [Editor:editor]

Related News

·Tungsten Chemical Joint Venture08-01
·HC Starck And Nui Phao Team Up For Tungsten Jv07-31
·Japan's Imports of Magnesium Slumped in June of 201307-31
·FeTi Prices Decrease07-31
·Moly oxide price holds; Western FeMo firms07-31

Tell Us What You Think

please login!   login   register
Please be logged in to comment!