PORT VANINO `` `is now owned by Mechel`
The acquisition is part of a strategy for the development of the mining division to expand export opportunities and reduce transport costs for the company in connection with the planned increase in coal production.
December 29, 2012 was signed by the government directive on the disposal of federally owned ordinary shares of `Vaninskiy sea port` make up 55% of the share capital. Approved by order of the buyer and the price of sale of shares. The buyer is the company `Mecheltrans` in the Group. The deal amounted to 15.5 billion rubles.
Previously Company `Mecheltrans` triumphed at the auction for the sale of the stake in the port, on December 7, 2012.
Port of Busan is located in a natural deep-water bay Vanina in the Tatar Strait, which connects the Sea of Okhotsk and the Sea of Japan Pacific Ocean. Busan - the biggest transport hub of the Khabarovsk Territory, one of the ten largest ports in Russia. Its turnover in 2012 amounted to 6,000,000 tons.
Busan cargo shipped through the north-eastern regions of Russia, Japan, South Korea, China, Australia, the United States and other countries in the Asia-Pacific region. Navigation is open all year round. Busan - the universal port, which fits perfectly into the supply chain product delivery Mechel `` Asia-Pacific countries.
Harnessing the power of Busan will allow Mechel `` consolidate its position as one of the world#39;s largest producer of coal for the steel industry and to significantly expand the range of consumers.
Busan port is able to receive treatment for vessels up to 45 tons. Its infrastructure form a sixteen berths, open and closed storage. Busan has 64 cranes from 6 to 100 tons. Also, the port has a dedicated container terminal.
The total area of open storage of goods is 160 thousand square meters. m usable area enclosed storage warehouses - about 37 thousand square meters. m In addition to coal port is capable of processing chernye and non-ferrous metals, ferro-alloys, timber, fertilizers, glinozem, containers and other cargo.
`With access to transit capacity Vanino Mechel` `significantly expanding its export capacity in the direction of the Asia-Pacific region. Port of Busan is only one and a half thousand kilometers from Yakutian coal assets. The port Busan will certainly give us more opportunities to adjust our supply logistics, expand the range of products exported by the large storage capacity, minimize dependence on the transport market.
The possibility that at low cost and without a substantial renovation of the seaport of Busan for transshipment of coal can be as early as 2013 to increase to 7 million tons per year, will allow us to significantly reduce the cost of investment in the construction of its own terminal in Busan in the next 3-5 years .
I would also like to note that as a result of this transaction, Mechel `` will secure guaranteed sales volumes of coal products of the Group, including the production of the Elga coal complex `, - commented on the acquisition CEO of Mechel` `Michael Eugene.
