COAL IN RUSSIA reduced through Siberia
Coal production in Russia in 2004 amounted to 283 million tons, and the pace of production growth compared to previous years has declined. According to experts, this is due to the fall in the growth rate of Siberia, which concentrated 79% of proven coal reserves. According to the publication Expert-Siberia #39;, in some cases, leads to negative consequences of competition between coal companies, particularly in the Chita region.
Since May 2005, the region introduced quotas for coal mining in connection with distribution problems in large coal mines and Kharanor East, owned by OAO SUEK #39;. Meanwhile SUEK investment program in 2004 was more than $ 75 million. The company has acquired 18.4% of the assets of Krasnoyarsk MC, bringing its stake to 94%.
Equipment was purchased for the mine to them. November 7, CC Sokolovsky. CC Raspadskaya in August 2004 launched its new coal mine.
In infrastructure development, stripping and equipment acquisition SUEK has invested over $ 400 million.
