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Watchdog disputes dismissal of decision on Raspadsky Coals market abuse

16:41 25/05/2012

MOSCOW, May 25 - RAPSI. The Moscow District Federal Commercial Court will hear on June 19 the appeal against the Federal Antimonopoly Service's decision that Raspadasky Coal abused its dominant market position, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) on Friday.

The Moscow Commercial Court satisfied on November 7, 2011 the coal company's lawsuit and invalidated the watchdog's decision and order. The case is considered behind closed doors under the plaintiff's appeal. The decision came into effect in February. The watchdog is now disputing the judicial acts.

The court noted that the mine produced a credible explanation for all of the alleged price manipulations in its relations with domestic and foreign companies. Meanwhile, the court decided that the watchdog failed to prove the contrary.

The Federal Antimonopoly Service said in March 2011 that Raspadsky Coal, the Evraz Holding, Yuzhkuzbassugol and the Evrazresource Trading House abused their dominant market positions.

The watchdog then opened cases against several managers at the Evraz Holding, Raspadskaya and Severstal due to differences between the domestic and export prices on coking coal.

The price differences for coking coal consumers varied from 20 to 48 percent. At the same time, the coal suppliers could not provide a well-founded argument to justify the price differences.

Raspadskaya is a leading coking coal manufacturer in Russia. It integrates coal mining and enrichment enterprises in the Kemerovo region.

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Watchdog disputes dismissal of decision on Raspadsky Coals market abuse

16:41 25/05/2012 The Moscow District Federal Commercial Court will hear on June 19 the appeal against the Federal Antimonopoly Service's decision that Raspadasky Coal abused its dominant market position.
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