News
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.


   


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