Russians Have an Eye On Uk Seam

The Journal › March 22, 2006

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Summary

The UK's biggest coal producer could be ripe for a Russian takeover after it was reported that the country's second largest coal miner has made a pounds 1bn move into Britain.

Siberian minerals group Kuzbassrazrezugol (correct) has secured the services of former UK Coal chief executive Richard Budge, after buying a 51% stake in his company, Powerfuel, for pounds 1bn.

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Extract

Russians Have an Eye On Uk Seam

Powerfuel was set up to restart mining at Hatfield colliery in South Yorks...

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