The concern purchased Shakhta Sibirskaya private company that owns a license to develop 150-m t Kuznetskaya mine field. The sum of transaction was not disclosed.
Kuzbass concern plans to launch production in 2012, bringing the mine annual steam coal capacity to 4 m t by 2014. In 2013, a concentrating plant of 4 m t annual capacity is to be built. Total investments were estimated at 8+ bn roubles.