The Federal Antimonopoly Service of Russia approved the acquisition of indirect control over OJSC "Department" Disoladskaya "and its subsidiaries, the group’s press center reports. Representatives of Evraz plan to finish the purchase in the first quarter of 2013.
"This acquisition will increase the level of self -sufficiency of Evraz with coking coal, which corresponds to the strategy of growth in the segment of raw materials for the production of steel," said Alexander Frolov, President of Evraz PLC.
The Razdadskaya mine has long become one of the key suppliers of coal to the Evraz groups and is one of the largest Russian producers of coking coal. Coal reserves, both proven and estimated at deposits of Disoladskaya OJSC, amount to more than 1 billion 314 million tons.
The Evraz group was allowed to buy the Razdadskaya mine
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Azovpromstal® 27 December 2012 г. 00:01 |
