SUEK plans to launch Magistralnaya mine in Kemerov Region in Dec
MOSCOW/KEMEROVO. Aug 22 (Interfax) - SUEK is planning to start production at the Magistralnaya mine in December, Deputy CEO Vladimir Artemyev told reporters in Moscow.
"Work has finished at the November 7 mine and Vostochnaya mining division. We are closing these mines and are assigning people for new production," Artemyev said.
He said that the Magistralnaya mine will be the core facility compensating for the loss of capacity from the November 7 and Vostochnaya mines.
"We will open the new Magistralnaya mine in December. We will thus make up for the production volumes that we used to have at November 7 [mine]," the deputy CEO said.
LLC SUEK-Kuzbass will start production at the underground section of Magistralny in Q4 2017 as part of the Ruban mining division. Projected capacity of the new production unit is 4.33 million tonnes of coal per year.
As of 2012, total reserves of mark D and G steam coal at Magistralny of category A+B+C1 totaled 138 million tonnes, including reserves around 122 million tonnes of category A+B+C1 undergoing state examination. SUEK-Kuzbass paid 231 million rubles for the license at the Magistralny section.
SUEK-Kuzbass was created as part of a restructuring and consolidation of SUEK's regional coal subsidiaries. SUEK is Russia's biggest coal producer. It is wholly owned by SUEK Plc, which is controlled by Andrei Melnichenko.
