Evraz Group, the Russian steel maker part-owned by billionaire Roman Abramovich, plans to invest $1.5 billion bringing the Mezhegei coal field in Siberia into production after winning it at auction on Thursday.

Oleg Deripaska's Basic Element (BasEl) and Lunsin, a subsidiary of China's Sinopec and member of the Zijing mining group, have agreed on the joint construction of a combined heat and power (CHP) plant which will be fuelled by coal mined