Mechel seeks Asian help with Elga coal operation

Elga coal operation: The debt-laden global mining and metals company Mechel has opened talks with China’s Baosteel and South Korea’s Posco with a view to selling them a stake in its Elga coal project. Elga has some of the biggest coking coal reserves in the world but its development has been hampered by poor transport links to and from its remote location in Yakutia has been stymied for decades by poor transport links. Vedomosti