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December 02, 2008


Kuzbassugol appointed new GD

AK&M reported that Russian a coal producer Kuzbassugol board of directors have decided to dismiss its GD and appoint Mr S Liskovets as the new GD.

Kuzbassugol was set up on the basis of Severokuzbassugol, Leninskugol and Belovugol by the intiative of some holders and entites supported by the regional governor. The holders involve Scarlet Ventures Ltd with 48.3%, Kuzbass Nedra with 19.99%, MONOLIT with 19.93% and Severstal with 11.53% stake.