Statement in respect of anti-monopoly investigation re coking coal prices
8 July 2010- The Russian Federal Antimonopoly Service (FAS) today announced it had launched an investigation into Evraz Group (LSE: EVR) ("Evraz") and other coal mining companies in relation to the pricing of coking coal in the Russian and export (ex-Russia) markets.
Evraz has not been provided with any details of the investigation at the current time.
Based on the FAS statement which was published on the FAS website, the claim relates to specific grades of hard and semi-hard coking coal, Zh and GZh under the Russian classification. Evraz is not an exporter of these particular coal grades. Evraz uses these types of coals mostly for consumption in its own coke batteries in Russia.
Evraz will cooperate fully with the investigation.