Russia: Safmar to merge coal assets

Safmar intends to merge two of its coal assets – Kuzbass Fuel Company and Russkiy Ugol. The united asset will mine over 30 million tons of coal per year, with 20 million tons to be exported. Russkiy Ugol assets are situated in Amur and Krasnoyarsk regions, as well as the Republic of Khakasia. They comprise…