OREANDA-NEWS. March 3, 2010. Veles Capital released daily market review:

Evraz won the right to develop Mezhegeyskoe coal deposit for 950 mn RUR. Evraz Group S. A. announces winning in the investment competition for the right of developing Mezhegeyskoe coal deposit in Tiva republic. Cost of license will form 950 mn RUR. Federal agency on entrails use (Rosnedra) acted as organizer of the competition. It is expected that the license for the right of developing deposit will be gained within two months.

Renault might up its share in AvtoVAZ. Renault SA – one of the world’s largest motor car concerns, which owns 25% + 1 share of AvtoVAZ, JSC – is ready to consider the possibility of upping the share in the Russian motor-car manufacturing, announced the president of Renault Carlos Ghosn in the interview to TV channel.

Government intends to introduce 15% export duties for potassium chloride. Profile authorities of RF ministry are discussing the possibility of introducing 15% export duty for potassium chloride.

Inter RAO UES announced its plans on TGC-11.

Severstal bought back a put-option on Lucchini by 37.5% cheaper than execution price.

Investment program of AvtoVAZ till 2020 will form 3 bn euro.