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Russia's Mechel hires JP Morgan to sell US coal business-sources

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MOSCOW/LONDON, June 28 (Reuters) - Russian coal producer Mechel, under pressure to cut debts of more than $9 billion, has hired investment bank JP Morgan to sell its U.S. business, Mechel Bluestone, sources familiar with the matter said. Mechel, Russia's largest producer of coal for the steel industry, acquired Bluestone in 2009 from...

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