Russia: RusUgol coal output up

Russian Ugol is increasing the output of high-quality power-generating coal. For this the company has started modernizing the processing factory at the Stepnoy pit in Khakassia. The project will increase the factory capacity by 1 million tons of coal per year. The factory was commissioned in 2011. Now it employs over 200 people. It processes…

Russia: Zarechnaya mine to change owner

Dmitry Bosov, together with his partners actively developing coal business, could obtain a problem asset in Kuzbass – the Zarechnaya company with the reserves of some 400 million tons of power-generating coal. The Trade-Industrial Union LLC, connected with the Razrez Kiyzasskiy of the managing company Vostokugol (owned by Bosov and Alexander Isaev), has purchased debts…