Novolipetsk-based metallurgic company NLMK has become the full owner of all of its subsidiaries after it paid $12m for the remaining stakes in these companies, sources in NLMK report.

The firm has bought the remaining 2.0205 percent in Lipetsk’s Dolomit for $943,500; 2.5629 percent in mining company Studenovskaya in Lipetsk for $1.2m; and 1.5646 percent in Altay-Koks, Altay Region, for $9.8m.

All these subsidiaries are supplying its parent company with raw materials needed for metallurgic production, including dolomites, coking coal, and limestone.