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The coal industry is very promising for the Far East and its role in the APR - Galushka

The Minister for the Development of the Far East, Alexander Galushka, made a working visit to the Republic of Sakha (Yakutia), where he assessed the prospects for the development of the coal industry in the region and visited two coal fields. The Minister is confident in the prospects of the coal business, but noted a number of problems that threaten competitiveness.

According to the press service of the ministry, Galushka visited the Neryungrinsky open-pit mine, the Elginskoye coal deposit and the recently built 321 km railway to it, built at the expense of Mechel OJSC. After the visit, Galushka said that over the past 6-7 years Russia has been steadily holding a competitive position in the world coal market, while the unprofitable economy of coal mines in other countries leads to their closure.

“We examined the Elga field, which is unique in the world both in terms of reserves and quality of coal. We examined a new railway built on rough terrain with very difficult terrain. We assessed the development potential of the coal industry: it is very promising for the Far East, including its role in the APR market, ”commented Alexander Galushka. However, according to the minister, an increase in railway tariffs, energy prices, together with an increase in the fiscal burden, may lead to a loss of competitiveness.

During the workshop, representatives of business and the Ministry discussed infrastructure, tariffs for rail transportation, the creation of a municipality around the Elga coal deposit. In addition, considerable attention was paid to finding a financial model adequate for such large-scale projects.

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