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06.09.2010 Vorkutaugol’ to double investments in 2011


They would reach 3.4 bn roubles, Prime-TASS news agency reports quoting Sergei Yefenov (Vorkutaugol’, CEO).

In the current year, the company is to invest 1.1 bn roubles into maintenance and infrastructure, plus .7 bn roubles into modernization and development, raising production of raw coal by 15.5 per cent up to 10–12 m t. Commercial output is to reach 7 m t of coal products, including 4.2 to 4.4 m t of coking coal concentrate. Annual average cost would amount to 1.7 to 1.8 thousand roubles per ton of 2Zh-graded coal (according to Russian nomenclature).


Source:   metcoal.ru