OREANDA-NEWS. August 12, 2010. Veles Capital released daily market review:

The state will finance providing power supply to Raspadskaya. Ministry of Finance intends to provide 1.7 bn RUR for organizing stable power supply of Raspadskaya mine. Construction of two lines of power lines 110 kW each and three sub stations was meant. We expect that participation of the government in reconstruction of mine might be a positive signal for the share market, however, we a skeptic on the possibility of fast recovery of production activity of Raspadskaya due to worsening of quality of the mined coals because of the fire-fighting operations.

The government is preparing raise of taxes for the oil-and-gas sector. According to data of Interfax-AFI the export duty for oil in RF might form 274-277 USD per ton from September 1, 2010. At the same time the oil export duty, extracted from East Siberia might total 87-89 USD per ton. Currently the export duty forms 263.8 USD per ton. So, upping by 13 USD per ton is planned.