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03.10.2011 EastCoal to buy Ukrainian mine


The purchase of Menzhinskiy mine (93 m t of coal reserves) from Aponet Enterprises Ltd. would be paid with cash, shares, bonds and contributing to debt repayment.

Total price may exceed $16 m, Reuters informs. New owner plans to increase the daily output to 500 t. In medium-term run, this should reach 1 m t per annum.


Source:   metcoal.ru