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Gunvor Says No Plans to Buy Russia’s Second-Largest Coal Miner

Gunvor Group Ltd., the global commodity trader part-owned by Russian billionaire Gennady Timchenko, has no plans to acquire OAO Kuzbassrazrezugol, Russia’s second-largest producer of coal for power stations.

Gunvor hasn’t been in talks with Kuzbassrazrezugol, Anton Kurevin, a Moscow-based spokesman for Gunvor, said in an e-mailed response to questions today.