This text is translated into Russian by google automatic human level neural machine.
EastRussia is not responsible for any mistakes in the translated text. Sorry for the inconvinience.
Please refer to the text in Russian as a source.
Development of the Elginsky deposit will lead Mechel into the top three largest producers of coal for metallurgy in the world - Oleg Korzhov
В an exclusive interview EastRussia.ru Oleg Korzhov, General Director of Mechel OAO, told why the Elga coal deposit can already be considered a priority development area in the Far East.
"We are considering the option of attracting a strategic investor to the Elginskoye field. This is the main investment project "Mechel", the largest deposit of high-quality coking coal in Russia with reserves of 2,2 billion tons. It is located in South Yakutia and has a unique geographical advantage in the coal market of the APR countries because of a short transport link to the Far Eastern ports, "the general director of Mechel said.
According to him, the largest Asian metallurgical companies are interested in joining the project - "it will allow them to provide their own production with coal for decades to come."
“We have not started active marketing of the project yet, but we are at a low start. I can say that already at this stage there are a number of interested parties from Southeast Asia and other regions. Last fall, VEB approved 2,5 a billion dollar loan for the development of the project - now that we have funding, this is a completely new investment story that is of interest to virtually all of the largest steel producers in the region, ”he said.
O. Korzhov also noted that Mechel is a mining and metallurgical company. The Elginskoye field is indeed the main element of our development strategy - in the long term, its development will allow the company to become one of the three largest coal producers for metallurgy in the world. ”