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Oil and Gas

Russia's Mechel considers bid for Oriel Resources

LONDON (Reuters) - Russian miner and steel maker Mechel MTL.NMTLR.RTS said on Monday it was considering making an offer for Oriel Resources OLR.LORL.TO, a London-listed miner with chrome assets in Russia and Kazakhstan.

“This process is at an early stage and there can be no certainty that any offer will ultimately be forthcoming,” it said in a statement.

Reporting by Miyoung Kim; Editing by Marc Jones

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