Akhmetov Investing In His Coal Mine.
21 August 2008
Krasnodon Coal shareholders voted for an additional share issue at their AGM last week, increasing the mine’s charter fund by around $60m. Eugene Cherviachenko: We believe the attracted funds will be invested into the development of the mine, as it is part of Metinvest, SCM’s steel asset managing company, which is actively preparing for an IPO.
