Kommersant has reported that the Russian steelmaking companies Novolipetsk Steel and Severstal have applied to participate in a tender for the license to develop the third mine field of the Usinskoye coal deposit in Russia Komi Republic.

Accordingly, the field coal reserves of C1 category have been estimated at 227.2 million tonnes of high quality coking coal with concentrate yield of 79% to 82%.

The initial payment has been fixed at RUB 800 million with the winner to be determined on January 21 next year.

(Sourced from Kommersant)