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Wednesday, December 28, 2011businessevrazearthquakes

Evraz falls after Russian earthquake

Russian steel-maker Evraz remains the biggest faller on the FTSE 100 this morning, following an earthquake in south-eastern Russia. The mining and steel group, part-owned by Chelsea FC owner Roman Abramovich, is down 3.8% on the day. It separately announced a new financing deal this morning. An earthquake has forced the suspension of coal mining operations in the Kuzbass region. Evraz operates Yuzhkuzbassugol in the Kuznetsk Basin, and also owns a stake in Raspadskaya, which operates mines in the region. The shares are trading at just over 378p.

Source: The Guardian ↗

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