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SUEK Group Consolidated Primorskugol - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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SUEK Group consolidated Primorskugol

SUEK Group acquired 15,46% of OAO Primorskugol, having bought 15,5% for 11 million dollars

SUEK Group consolidated Primorskugol
Special project Coal of the East of Russia
This follows from the company's report for the year.

The amount of the transaction - 11 million dollars, it was made with "third parties" in the first half of 2015. According to its results, SUEK through SUEK plc received 100% in Primorskugle.

Primorskugol operates in the Far East, annual production is more than 5 million tons of coal. Revenue in 2015 year - 6,3 billion rubles., Net profit - 1,3 billion rubles, Interfax notes.

SUEK is engaged in the extraction and sale of coal, including for export, and also owns other assets. The main owner of SUEK is Andrei Melnichenko (92,2% through SUEK plc), and the president of the company, Vladimir Rashevsky, is 7,8%.