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"Rostec" and "Shenhua" will develop joint projects in Siberia and the Far East

Recently in Beijing a memorandum of understanding was signed between RT - Global Resources, a subsidiary of the state corporation Rostec, and Shenhua Abroad, a subsidiary of the Chinese corporation Shenhua. The document provides for the possibility of joint development of coal deposits in Siberia and the Far East, as well as the development of related industrial and logistics infrastructure.

The memorandum was signed in Beijing on June 17 by the General Director of RT - Global Resources, Andrey Korobov, and the authorized chairman of the board of directors of Shenhua Abroad, Shao Junjie.

In Primorye, China is showing interest in the construction of the Port Vera coal sea terminal, and in the Amur Region - in the Ogodzhinsky coal deposit.

Coal reserves in the Herbikano-Ogodzhinsky coal-bearing region of the Amur Region are estimated at 1,6 billion tons. The development of the deposit is provided for by the Program for the Development of the Coal Industry of Russia for the period up to 2030, as well as a Memorandum of Understanding and Cooperation in the Coal Sector, signed in September 2010 by Deputy Prime Minister of Russia Igor Sechin and Vice Premier of the State Council of the People's Republic of China Wang Qishan. The estimated investment requirement of the project is $ 5 billion. As evidenced by the official website of Rostec, as a result of the project, it is planned to produce thermal coal at the level of 2019 million tons per year by 30.

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