11
May
2010
MBC Corporation will directly manage Talinsky Coal Mine
On May 11, 2010, the Federal Antimonopoly Service ruled
to grant MBC Corporation the right to exercise the functions of the
executive body of Talinsky Coal Mine.
It had been reported in the news that the positive rulings of the
FAS on the request by MBC Corporation had put the company on track
to completing this year the ownership structure optimization phase
with regard to the management of the group’s investment projects,
which will help the company make more efficient use of its material
and financial resources and help speed up the adoption and
implementation of decisions for the companies involved in the
group’s mining business.
Talinsky Coal Mine will eventually become the raw material base
for the Ozerny Combined Heat and Power Station, which is part of
the energy infrastructure of the Ozerny Mining and Processing
Plant.
The FAS has granted all the requests by MBC so far for the
rights to exercise direct control over the group’s mining
assets.
