Evraz confirms looking at potential coal JV with Sibuglemet

Evraz confirmed on Thursday it was looking at a potential combination of coal assets with fellow producer Sibuglemet.

The company, responding to media speculation about a joint venture, said it was exploring ways to “increase the long-term security of supply of a wide range of coking coal grades required for Group's operations”.

“The company notes however that such options have not been considered by the company's board of directors as at this point and accordingly no decisions have been made. The company will make further announcements in due course as and if may be appropriate,” Evraz said.