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FAS opens case against Sibuglemet coal company

FAS, the Anti-Monopoly Service of Russia, has opened a case against Sibuglemet group, accusing it of violating free competition laws

As reported by Russian paper Expert, FAS accuses Sibuglemet businesses of establishing monopolist high price on coke-coal concentrate. If ruled a violator of competition principles, Sibuglemet nay become yet another victim of FAS' attempts to regulate coal prices. Last summer, the authority made a ruling against three companies: Mechel, Evraz Holding and Raspadskaya, each of them having to pay a fine for breaching the anti-monopoly law. An investigation into pricing policies of a few other coal companies is also underway.

Author: Ksenia Kochneva