McCloskey’s Coal Report said the RusInkor mines were originally thought to have been sold solely to SUEK but were split between the two groups in a deal signed last week.
SUEK takes over three mines close to the Terentjevskaya station - Kamyshansky, Maisky and the Kotinskaya - while KBRRU acquires three mines close to the Yerunakovo loadout - Dalniye Gory, Tayezhny and Krasnokaminsky.
Italian trading company Coeclerici, which has financed some of RusInkor’s activities will retain long-term supply contracts for Dalniye Gory and Kotinskaya. McCloskey’s Coal Report said, as part of the arrangements for the purchase of the mines, RusInkor is repaying Coeclerici its investment.
In related news SUEK cut its stake in Unified Energy System (UES) to 6% from 11%. SUEK has spent around US$1 billion over the last two years accumulating shares in UES and its regional subsidiaries.
