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Evraz Launches Construction of New Coking Coal Mine
08/19/2011 - Evraz Group S.A. has launched construction of a new coking coal mine Yerunakovskaya-VIII within its existing Yuzhkuzbassugol coal mining division in Russia’s Kemerovo region.
Evraz Group S.A. has launched construction of a new coking coal mine Yerunakovskaya-VIII within its existing coal mining division Yuzhkuzbassugol in Russia’s Kemerovo region.
Mine development will start from the Yerunakovskiy-VIII deposit with the potential for further expansion into the Yerunakovskiy-Vostochnyi deposit. Joint development of the two deposits will provide Evraz with long-term stable mining operations and a guaranteed supply of high-quality hard coking coal. Estimated reserves of the new areas being developed are in excess of 85 million tonnes.
The mine is to be built in accordance with the highest standards for safety, health and environmental protection. It involves preliminary and in-seam methane drainage as well as construction of wastewater treatment facilities. Additionally, the company will build a new handling capacity at Kazankovskaya railway station and a new local motorway for coal transportation.
Mine development will start from the Yerunakovskiy-VIII deposit with the potential for further expansion into the Yerunakovskiy-Vostochnyi deposit. Joint development of the two deposits will provide Evraz with long-term stable mining operations and a guaranteed supply of high-quality hard coking coal. Estimated reserves of the new areas being developed are in excess of 85 million tonnes.
The mine is to be built in accordance with the highest standards for safety, health and environmental protection. It involves preliminary and in-seam methane drainage as well as construction of wastewater treatment facilities. Additionally, the company will build a new handling capacity at Kazankovskaya railway station and a new local motorway for coal transportation.
Evraz will invest a total of c.17 billion roubles (approximately US$590 million) in the project over the next three years. The coal mine is scheduled to start operations by mid-2013 and to reach a total production capacity of 2 million tonnes of raw coking coal per annum by the end of 2014.
The company noted this project is in line with its strategy to further develop its coal mining operations. Construction of the new mine will increase the company’s level of vertical integration and allow it to provide its steelmaking facilities with high-quality coking coal.
