Sibanthracite IPO coal-ed off

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Sibanthracite IPO coal-ed off

It was always a tough time to be in the market with a Russian mining IPO — with comparable companies, emerging markets and commodities valuations plunging — and it all proved too much for Sibanthracite on Friday, which pulled its IPO despite already offering a heavy discount to peers.

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