EVRAZ will not increase its stake in PJSC Raspadskaya, one of the largest coal companies in Russia. This was announced to journalists by the president of the holding, Alexander Frolov, in London at the Investor Day.
Raspadskaya PJSC is the main coal mining asset of EVRAZ, supplying coking coal to the largest Russian metallurgical enterprises - MMK (Magnitogorsk Metallurgical Plant), NLMK (Novolipetsk Metallurgical Plant) and EVRAZ enterprises.
PJSC Raspadskaya adheres to a dividend policy similar to that of EVRAZ, which implies minimum payments, but guaranteed regardless of the market situation. This dividend policy, according to Alexander Frolov, is not planned to be changed.
In February, PJSC Raspadskaya announced an increase in EVRAZ's share from 83.8% to 84.3%.
PJSC Raspadskaya is a group of integrated enterprises specializing in the production and sale of coking coal and occupying a leading position in the Russian market in its industry. The Group is located in the city of Mezhdurechensk, Kemerovo Region of Russia and includes the following mining enterprises: Raspadskaya mines, MUK-96 mines (joined to Raspadskiy open-pit from August 1, 2017), Raspadskaya-Koksovaya and Raspadskiy open-pit mines ", And" Raspadskiy-Koksovy ", as well as an enrichment plant, enterprises of production and transport infrastructure," RUK "- a trading and management company.
