Evraz splits its coal, iron ore mining assets into two units

Dec 13, 2012 | 10:21 AM |

Tags  Evraz, coal, iron ore, mining assets, Roman Abramovich, Nadia Popova

MOSCOW — Russia’s Evraz Group has separated its iron ore and coal mining divisions to "intensify the management of key product groups," the company said Thursday.

Evraz, co-owned by billionaire Roman Abramovich, is set to become Russia’s largest coal producer after closing a deal to double its 41-percent stake in coal miner Raspadskaya OJSC, which....

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