Evraz to gain control in a major Russian coal mine

first_img How do cataracts affect your vision? The deal is due to be completed by the end of the year. The remaining 18 percent stake in the mine is listed on Moscow’s MICEX stock exchange.Raspadskaya, a key supplier of coal to Evraz, is one of Russia’s largest coal mines with proven and probable coal reserves of 1.3 billion tons. The deal will make Evraz Russia’s largest producer of coking coal.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Comments   Share   Bottoms up! Enjoy a cold one for International Beer Day Construction begins on Chandler hospital expansion project 3 international destinations to visit in 2019 Former Arizona Rep. Don Shooter shows health improvementcenter_img Sponsored Stories Top Stories 5 ways to recognize low testosterone Mary Coyle ice cream to reopen in central Phoenix MOSCOW (AP) – Steelmaker Evraz is to gain control of one of Russia’s largest coal mines after acquiring a half stake in Cyprus-based investment vehicle Corber Enterprises for an undisclosed sum.London-listed Evraz, which is part-owned by tycoon Roman Abramovich and already owns half of Raspadskaya, says Thursday that it would increase its share in the mine to 82 percent by acquiring the half share in Corber.last_img read more