It is reported that Russia coal mining company Belon which is part of the Russian steelmaking group Magnitogorsk Iron and Steel Works has completed the sale of its energy coal business including 100% shares of Listvyazhnaya Coal Mine and 100% shares of Listvyazhnaya Preparation Plant to SDS-Coal Holding Company.

The deal totaled USD 280 million in value.

Accordingly, Belon decided to sell its Listvyazhnaya Coal Mine and Listvyazhnaya Preparation Plant as energy coal which is the core product of these two assets was not used in the technological chain of MMK.

Belon said it will further focus on developing its coking coal segment.

(Sourced from SteelOrbis)
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