It is reported the owners of the Russian Western Siberian Raspadskaya, Evraz Group is seeking to sell their stake.

Bloomberg quoted two people familiar with the matter as saying that Russian billionaire Roman Mr Abramovich and his partners in steelmaker Evraz Group SA are seeking to sell their stake in coal producer OAO Raspadskaya.

As per reports, Kemerovo Siberia based company has hired Deutsche Bank AG and Morgan Stanley to find a buyer.

The source close to the bank said the price of the deal has yet to be outlined. The shares to go on sale are estimated at about USD 5.9 billion.

Raspadskaya, one of Russia largest coalmines, was hit by two consecutive methane blasts in May 2010, the second taking the lives of rescue workers sent in after the initial explosion. As per report, so far a total of 79 bodies have been discovered while 12 others still remain missing.

(Sourced from RIA Novosti and Bloomberg)