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Russian Authorities to Launch Probe into Mining Company

That investigation was begun after Russian Prime Minister Vladimir Putin criticized...

Russian Authorities to Launch Probe into Mining Company

Federal Antimonopoly Service head Igor Artemyev has told a Russian television news channel that the Evraz group, Russian mining and metals company, is on the agency’s list of companies to probe its activity on the coal market.

That investigation was begun after Russian Prime Minister Vladimir Putin criticized the Mechel group and ordered the FAS and other agencies to take action.

According to Evraz spokesman, Evraz exported less than 1 percent of the coking coal it produced in the first half of this year.

“We provided the FAS with all the information it requested. In the first half year of 2008, Evraz delivered beyond the confines of Russia less than 1 percent of the coking coal it produced, that is, 17,000 tons. Those deliveries were made to Evraz’ Ukrainian coke chemical enterprises.”

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