OREANDA-NEWS. January 11, 2011. JSC  SUEK is investigating the information on the company's alleged involvement in cartel arrangement in the coal market provided by the Russian Federation Federal Antimonopoly Service (FAS). As a result of the tacit collusion the three parties to it earned over five million roubles, according to FAS. The information was made public at the Service executives briefing.

JSC  SUEK strongly maintains that it has not performed coordinated activities to restrict competition or violate consumer rights as cartel member nor acted in breach of antitrust laws.

JSC  SUEK had no real opportunity to prepare and submit comprehensive information on the issue to FAS, since the company was made aware of the related questions only in mid-December. Furthermore, the episodes under FAS investigation refer to the 2009 shipment of 200,000 metric tons of coal in the total amount of 87mln metric tons of coal sold.

SUEK is going to provide FAS with detailed information on the above shipments and is fully prepared for further discussion. We believe that FAS will draw impartial conclusions upon examining the information.