The largest mining and metallurgical holding company in Ukraine Metinvest decided to sell its American coal asset, United Coal Company. The mining company is located in the Appalachian coal basin. It is part of Metinvest Group, which belongs to the businessman Rinat Akhmetov, since 2009.

The company explained the decision to sell due to the consequences of the difficult situation in the global coking coal market, the unprofitability of the asset, and the impact of the war in Ukraine.

LIGA.net I tried to understand the details of the deal, the history of the acquisition, and the possible consequences of selling the asset for Metinvest.

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