Mechel sells chrome assets to Yildirim Group for $425m

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...

Published

Nadia Popova

August 01, 2013

17:15 GMT

Moscow