metcoal.ru - Sibuglemet to increase Kuzbass investments 2.5x

NEWS

24.03.2010

Sibuglemet to increase Kuzbass investments 2.5x

Two billion and 700 million roubles will be invested into Kuzbass enterprises in 2010, Alexander Ivanov (Sibuglemet private company, CEO) disclosed after signing an agreement of social and economic co-operation with the regional government.

The bulk of the investments will be directed towards re-equipment essential for intensifying the tunneling, and to purchasing a machine-worked complex for Polosukhinskaya mine.

The company will continue with pre-construction works for launching mines at Mrasskiy (c 100 m t of coking coal reserves) and Uval’naya Mine Area parcels.

Theme: Finance/Coal/Kuzbass

Source: metcoal.ru

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