East Mining Company to invest RUB 11.5 billion in development of its coal project in Sakhalin
In 2019, East Mining Company (EMC) is to invest RUB 11.5 billion in development of its coal production and transport projects in Sakhalin including a coal terminal in Shakhtersk, Oleg Misevra, Chairman of EMC BoD, told IAA PortNews.
These are investments to be made by EMC and its partners in the development of the coal mine, port, infrastructure and services. About RUB 4 billion is to be invested in onshore and offshore facilities and in environmental activities in the port.
According to Oleg Misevra, part of investments are earmarked for environmental programmes with some of them to cover purchase and maintenance of equipment.
Oleg Misevra emphasized that the scope of investments is planned to be increased amid the plans to build up the terminal’s throughput from 10 million tonnes to 20 million tonnes per year.
EMC has earlier arranged offshore transshipment of coal at the port of Shakhtersk (Sakhalin). The company’s offshore terminal is able to accept ships of up to 300,000 tonnes in capacity.
East Mining Company is among major Russian exporters of brown coal to countries of Asia-Pacific region.
It controls the full cycle from the extraction to the shipment of the product. The company’s key production assets are Solntsevsky coal mining site (Uglegorsk district of Sakhalin region) and, from 2013, the coal seaport of Shakhtersk, that has the status of a free port.
The company is implementing an investment project on boosting coal production and shipments in the Sakhalin Region to 12 million tonnes per year. In March 2018, EMC-Transport Systems became a resident of the Free Port of Vladivostok.
East Mining Company eyes arranging offshore transshipment of coal in Kamchatka under Tata project >>>>