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"The Chinese want more coal than we can offer"

Resident of the SPV "Poltavsky incision" came out on profit

Open Company "Poltavsky open pit" extracts coal by open method in Oktyabrsky district of Primorye Territory from 2016 year. Here they receive a solid fuel of high quality, in comparison with the famous Kuzbass coal, this coal costs the local consumer at 40% cheaper - at 2500 rubles per ton.

"The Chinese want more coal than we can offer"
Special project TORA and Free Port
- In 2016, we received losses of 4 million 600 thousand rubles. After all, we got a cut, land and "dead" equipment. Therefore, we also built the technological process, and the technique was attracted to coal mining, and all this in a complex led to big losses. For a small profit, we came out only in the second half of 2017. Partially bought, partially leased mining equipment from Germany and the USA: two excavators, bulldozers, a loader and a sorting and crushing plant. At 90%, the technological cycle was closed by itself. This is a great saving, we optimized expenses for 3,5-4 million rubles per month. The total cost of the project is 79,7 million rubles, of which about 90% has already been mastered. We do not have any debts, "Dmitry Gritsay, financial director of OOO Poltavsky Razor, proudly tells us.

The status of a resident of the Free Port Vladivostok, if not brought the company out of the crisis, it certainly became a catalyst for success.

- Our preference is for insurance premiums on wages. So we pay 7,6%, and for general taxation - 34%. In fact, we saved the difference. The wage fund at us is about 2,6 million rubles, the salary together with taxes is 3,6 million rubles. Savings are more than 680 thousand rubles monthly only on payment of insurance premiums, - counts Dmitry Gritsay.

Up to 80% of extracted coal is exported to the PRC. Interest in Primorsky coal is being shown by representatives of South Korea and Vietnam, but there are no further negotiations. In the case of the Chinese, the demand exceeds supply: "Poltavsky incision" so far produces less coal than they are ready to buy. Interest in solid fuels from Primorye is also shown by local consumers, both ordinary residents and large companies. A new order arrived from the Kamchatka Territory.

FAW (First Automotive Works) dump trucks of the Russian assembly from Chinese components from another seaside resident - OOO "Production Company" Yubo-Sumotori ", which are collected from 2017 in Artem, transport coal to points of sale and to ports, where it goes to consumers of marine by way of. In the near future, the cut plans to buy two more such trucks.

- In the future, we have the development of other fields. It's too early to say, we will not jinx it, but we have balance and off-balance reserves, and we are planning to do additional exploration within the site given to us by the license, to put reserves on balance - and continue to earn valiantly coal. I would also like to optimize the cost of production. We have already overcome a difficult line: now there is technology, we will acquire a few more secondary units and will not depend on anyone. We also recruited a competent staff of workers, over 60 people. They are all Primorye residents, professionals. They work as shift workers, live in trailers, many say that our resort has a good cuisine, the cook bakes pies, chebureks, everything is very tasty and healthy, life is arranged at the level, there are showers and everything in the world! - the financial director of LLC "Razrez Poltavsky" Dmitry Gritsay shares.
In 2018, Poltavsky Razrez LLC plans to receive 150 thousand tons of coal, with a gradual increase in production to 200 thousand tons per year. Reserves in the field are estimated at 1,5 million tons.
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