Kuzbassrazrezugol and Beijing CATIC Industry Limited have signed a memorandum of cooperation in carrying out projects in Kemerovo region.
In particular, the coal company intends to buy mining and processing machinery valued at $70 million from China.
According to the memorandum, the company will consider purchasing two WK-35 excavators, as well as processing machines within 5 years.
“This is a mutually beneficial cooperation. We already have a successful experience in cooperating with Beijing CATIC. The purchase of the new machinery is scheduled for 2019-2020”, the company director Sergey Paramonov said. (Ukrainian metal)
