MOSCOW Russias 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 Russias largest coal producer after closing a deal to double its 41-percent stake in coal miner Raspadskaya OJSC, which is expected by year-end.
The coal division, which will include Evrazs Yuzhkuzbassugol unit in Russias Ural Mountains, will be headed by Sergei Stepanov, the former chief executive officer of Russian gold producer Nordgold NV.
The iron ore division will include Evrazs Kachkanarsky GOK and JSC Vysokogorsky GOK ore mining and processing enterprises in the Urals and JSC Evrazruda in Siberia.
The division will be headed by Marat Atnashev, Evrazs vice president for major projects, who will keep his current duties after taking the new role.
A version of this article was first published by AMM sister publication Steel First.