Evraz Group to spend $225m on additional issue of Raspadskaya mine shares

Evraz Group is going to spend $225m to maintain its share in Raspadskaya mine. Raspadskaya Coal Company, the joint proprietor of the mine, is to hand Mezhdurechenskaya Coal Company – 96 and Raspadsky open pit over to the mine. Thus Raspadskaya Coal Company is going to pay for the additional issue of Raspadskaya mine shares. In its turn, Evraz Group is going to pay for the issue in cash at the rate of $225m. Evraz Group will also provide a short-term financial guarantee at the rate of $300m to Raspadskaya Coal Company, the company’s press-release says.


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