Flash Report /
Russia

Severstal agrees to sell Vorkutaugol to Russkaya Energiya – NEUTRAL-TO-POSITIVE

  • Severstal has signed a binding agreement with OOO Russkaya Energiya* to sell its coking coal assets

  • Severstal’s divestment of its coal assets strengthens its ESG position, which is becoming more and more important

  • The company’s self-sufficiency in coking coal ranged between 50-80% and was recorded at 50% in 3Q21

Boris Krasnozhenov
Boris Krasnozhenov

Head of Research (Managing Director)

Yulia Tolstykh
Yulia Tolstykh

Analyst, Metals & Mining

Alfa
2 December 2021
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