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Mechel stock jumps after winning subsoil license for Pionerskoye iron ore deposit

MINING.COM Staff Writer | June 21, 2011 | 8:35 am Europe Iron Ore 

Russian mining and metals giant Mechel listed in New York where it has a market capitalization just shy of $11bn, reported on Tuesday winning the auction for the subsoil license for Pionerskoye iron ore deposit, sending its ADRs up 3.5%...

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