Mechel, a mining firm controlled by Igor Zyuzin, bought the license to develop Elga in 2007, spending $2.3 billion to acquire it as part of a regional coal complex. It invested a further $1 ...

The Elga coal project produced 4,318 thousand tonnes of coal in 2019. (Credit: PАО «Mechel») Mechel, a Russian mining and steel company, has reportedly confirmed that it is in talks to offload its stake in …

Russian steel and coal producer Mechel has agreed to buy Gazprombank's 34% stake in the Elga coal deposit for around 30-billion roubles ($461-million), two sources familiar with the matter told ...

The coal mine involved in the potential deals is located in south-eastern Yakutia, nearly 415km east of Neryungri. Mining at the coal deposit was launched in 2011 and subsequently, the first phase of the project was executed, which included the construction of a mining facility that can annually produce 11.7 million tonnes of coal.

NEWS. Russia: Elga Coal Complex. 24 April 2020. Project Type : Open-pit coal mining project. Location : Sakha Republic (Yakutia), Russia. Producer of : Coking …

The current project calls for developing the northwest section of the Elga deposit. The website of Elsi, the company that manages the coal assets of tycoon Albert Avdolyan, …

Russian businessman Albert Avdolyan has reached an agreement to buy a 49% stake in the major Elga coal project in Russia from Russian lender Gazprombank, the bank said in a statement on Monday.

The Elga Coal Complex in the Republic of Sakha (Yakutia) is represented by a group of companies that extract, process, transport, and sell premium quality coking coal with extremely low sulphur and phosphorus content. ... (Yakutia) and focuses on cargo transportation via purpose-built vehicles and project engineering of mining-specific ...

Mining at the Elga open-pit began in August 2011, producing some 200,000 metric tons by the year's end. "The railway's completion is one of the most complicated and important stages in implementing the unique project of developing the Elga coal deposit, which is one of the world's largest coking coalfields.

The Elga coal deposit is one of the world's largest deposits of high-quality coking coal with reserves estimated at 2.2 billion tonnes. Elga deposit is available for open-pit mining, which is much cheaper, more efficient and safer than underground mining. Elga coals are rare for the Russian coal market due to their high-quality characteristics.

Mechel, controlled by businessman Igor Zyuzin, sold the 51% in the Elga project to A-Property, controlled by Russian businessman Albert Avdolyan, for 89 billion roubles ($1.2 billion), Mechel said.

Russia's state expert review office Glavgosexpertiza has approved the construction of facilities for the second phase of operations at the huge Elga coking coal deposit, which will make it possible to expand production to 45 million tonnes per year, the office said in a statement on Thursday. The company mining the deposit, Elegaugol produced ...

A-property group, controlled by Russian businessman Albert Avdolyan, has requested approval from Russia's antimonopoly service to buy a 49% stake in the Elga coal project from Gazprombank, the ...

Russia's A-property group, owned by businessman Albert Avdolyan, has requested approval from the country's antimonopoly service to buy 49% of the Elga coal project from Gazprombank, the group...

The Sugodinsk-Ogodzhinsky Coal Mine (Огоджинскоe месторождениe) is a surface mine located in Amur Oblast, Russia. The rights to develop the coal field were owned by Ogodzhinskaya Coal Company LLC, which was owned by a company called Rostech. [8] In 2021, Elga Ugol took control of the Ogodzhinskaya Coal Company. [9]

It sold a 49% stake in the Elga project in Russia's far east, its biggest asset, to Gazprombank, one of its main creditors, in 2016 as part of a debt restructuring process.

Russian steel and coal producer Mechel has agreed to buy Gazprombank's 34% stake in the Elga coal deposit for around 30 billion roubles ($461 million), two sources familiar with the matter told ...

The Elga Mine is a coal mine in Russia. It is currently in operation. Empower your strategies with our Elga Mine report and make more profitable business decisions. Note: This is an on-demand report that will be delivered upon request. The report will be delivered within 2 to 3 business days of the purchase, excluding weekends and …

Mechel, a mining firm controlled by Igor Zyuzin, bought the license to develop Elga in 2007, spending $2.3 billion to acquire it as part of a regional coal complex. It invested a further $1 ...

This article is part of the Global Coal Terminals Tracker, a project of Global Energy Monitor. Port Posiet is an ice-free port situated on the Japanese Sea coast south of Vladivostok, in Russia. The port handles coal exports to Pacific Asia. It is owned by Russian coal mining company Mechel .

The company mining the deposit, Elegaugol produced more than 20 million tonnes of coal in 2022, so the second phase will increase output by about 130%. The …

Additionally, the company is constructing the 510 km Pacific Railways line, which will directly connect the Elga mine with a new 30 mt/y port at Cape Manorsky. This project is expected to be completed in 2025, enabling increased exports and potentially facilitating the achievement of the company's initial 45 mt production target. Looking Ahead:

Mechel Mining OAO, a unit of Russian miner Mechel OAO ( MTL ), has clinched the Minex-2012 Mining Excellence Award's "Investor of the Year" award for. Mechel Recognized for Elga Project - Analyst ...

By Metal Miner - Mar 08, 2024, 1:00 PM CST. The National Transition Council of Guinea approves a joint venture to develop the Simandou iron ore mining project, with an estimated 2.4 billion metric ...

Port Elga coal terminal. This article is part of the Global Coal Terminals Tracker, a project of Global Energy Monitor. Port Elga coal terminal is a proposed coal-handling facility near the village of Chumikan in Khabarovsk Krai, Russia. As of 2023, the project is under construction.

ELGA ENGINEERING LLC. The company is engaged in the design of industrial facilities for the mining industry (coal mining, mineral processing, metallurgy, coke and by-product process, cast iron production), as well as infrastructure facilities, heat and power facilities, roads and railways, temporary construction camps, etc. A-VOSTOK LLC.

The Elga Coal Complex in the Republic of Sakha (Yakutia) is represented by a group of companies that extract, process, transport, and sell premium quality coking coal with extremely low sulphur and phosphorus content. ... (Yakutia) and focuses on cargo transportation via purpose-built vehicles and project engineering of mining-specific ...