Stmt in respect of anti-monopoly investigation
July 08 2010 - 12:24PM
UK Regulatory
TIDMEVR
RNS Number : 0887P
Evraz Group S.A.
08 July 2010
Statement in respect of anti-monopoly investigation re coking coal prices
8 July 2010- The Russian Federal Antimonopoly Service (FAS) today announced it
had launched an investigation into Evraz Group (LSE: EVR) ("Evraz") and other
coal mining companies in relation to the pricing of coking coal in the Russian
and export (ex-Russia) markets.
Evraz has not been provided with any details of the investigation at the current
time.
Based on the FAS statement which was published on the FAS website, the claim
relates to specific grades of hard and semi-hard coking coal, Zh and GZh under
the Russian classification. Evraz is not an exporter of these particular coal
grades. Evraz uses these types of coals mostly for consumption in its own coke
batteries in Russia.
Evraz will cooperate fully with the investigation.
###
For further information:
Media contact:
Alex Agoureev
VP, Public Relations
+7 985
122 4822
media@evraz.com
Investor contact:
Alexander Boreyko
Director, Investor Relations
+7
495 232 1370
ir@evraz.com
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada
and South Africa. The Company was ranked the 14th largest steel producer in the
world based on crude steel production of 15.3 million tonnes in 2009. Evraz's
internal consumption of iron ore and coking coal is covered by its mining
operations. Evraz's consolidated revenues for the year ended 31 December 2009
were US$9,772 million and consolidated adjusted EBITDA amounted to US$1,237
million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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