"Niche coal miner Sibanthracite is to go public in London and plans to offer 25 percent of its share capital, the company said in a statement Tuesday.
Siberian Anthracite mines a rare form of coal in the central Siberian region of Novosibirsk — Ultra High Grade anthracite, or UHG — which can be used as a substitute in steelmaking for more expensive coke made from baked coking coal.
An export-oriented company, Sibanthracite is "well positioned to benefit from rising demand for high-quality anthracite," its CEO Dmitry Shatokhin said in a statement."
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