Kuzbass Fuel Co could bid for local coal section
MOSCOW. Nov 25 (Interfax) - OJSC Kuzbass Fuel Company (KTK) could participate in the auction for the Zadubrovsky Promezhutochny coal section, which is scheduled to be held on January 27, the company said in a press release.
KTK's board of directors will consider participation in the auction on November 29.
The starting payment for this section of the Uropskoye coal deposit, located in the Belov region, has been set at 32.5 million rubles. Coal reserves stand at roughly 8 million tonnes of category A+B+C1 D-grade coal.
Applications for participation in the auction are being accepted until December 14.
KTK consists of the coal mines Vinogradvosky, Karakhansky-Yuzhny, and Cheremshansky, and distribution networks Kuzbasstoplivosbyt, Transugol, Altaiskaya Toplivnaya Company, and Novosibirskaya Toplivnaya Corporation, and the infrastructural outfits Kaskad-Energo, Anzhero- Sudzhenskaya TETs, and TEK Metret.
Haver Holding Limited, which is indirectly owned by Igor Prokudin, the general director of KTK, owns 50.0010% of the coal producer; Laycraft Ltd , which is wholly owned by Vadim Danilov, the coal producer's board chairman, owns 15.61%; Genesis Asset Managers LLP - 5.39%; and TD Investments Limited - 13.06%.