Evraz until not developed the concept of combining its coal assets
Evraz believes logical Union of its coal assets, but until not developed concept, told reporters the head of the organization Alexander Frolov.
" Look at various options, we have one management team. In the future, the continuation of this movement would be logical, " said Frolov, answering the question, not whether Evraz to pool their coal assets owned by him " Raspadskaya ".
While Frolov said that the Company until not decided when they will merge and some will join.
according to him, the Delisting of " Raspadskaya " not expected and was not considered." Delisting " Raspadskaya " not planned. We would have long held, if I wanted to, " said he.
Evraz is a vertically integrated steel and mining Company with assets in Russia, Ukraine, USA, Canada, Czech Republic, Italy and South Africa. The firm in 2013 increased the net loss under IFRS by 35% to 572 million, reduced EBITDA by 10%, up to 1, 821 billion, revenue - 2, 1%to 14, 411 billion.
OAO " Raspadskaya " includes " Raspadskaya "mine, mine OAO MUK-96 ", CJSC " Raspadsky opencast, mine ZAO Raspadskaya-Koksovaya, processing plant CJSC " OF " Raspadskaya ", as well as enterprises of transport and industrial infrastructure. Evraz Plc through Corber Enterprises Ltd controls 82% stake in Raspadskaya. In 2013, the Company increased the production of raw coal by 12% compared with the 2012 year - to 7 824 million tons.
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