Mechel PAO (NYSE:MTL) has decided not to exercise its preemptive right to buy a 49% stake in the Elga coal deposit from Gazprombank (Joint-stock Company) and may also sell its 51% stake in the project, RBC Daily reported January 17, 2020 citing sources. Now Gazprombank may sell 49% in the Elga deposit to A-Property, which is also interested in buying a controlling stake in the project from Mechel. The combined value of the assets may reach $1 billion to $2 billion, experts said.