Intergeo, the managing company for Mikhail Prokhorov’s Onexim mining assets, plans to complete the selling of Kolmar to Gunvor by June 30, the deal price not disclosed.

By 2012, Kolmar planed to appear among Russian biggest coal companies, with its 700 m t of coal reserves and 8+ m t of coal concentrate annual output. Its current reserves amount to 400+ m t of K-, Zh- and GZh-graded coal (according to Russian nomenclature). But these are tough assets guarded by 200-meter-thick permafrost and fault lines.

Theme:  Property/Coal/Yakutiya