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Evraz to pay more for coal


Evraz is expanding its coal empire. As Vedomosti discovered, the group’s partners at the Raspadskaya Mine, the Raspadskaya Coal Company, is planning to acquire several assets in the coal industry. These additional assets will lead to an increase in production of 1.5 times, bringing the level to 10 million tons per year. For Evraz to maintain its stake in the company at 48%, it will have to buy up shares in a supplemental issue.

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Source: Vedomosti
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