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Gunvor Sells Kolmar Mining Asset

Gunvor Group has divested its stake in MC Kolmar (Kolmar), a coking coal mining and processing company located in the Sakha Republic of the Russian Federation, to a company controlled by Mr. Andrei Bokarev, an investor in coal mining and logistics assets, transportation and industrial processes.

Kolmar operates several mines in the East Siberian Chulmakan and Denisovsky coalfields and has licenses for open pit and underground mining production. Mokara acquired Gunvor’s full 30 percent share in the mining operation. Financial details of the private transaction have not been disclosed.