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Colmar will invest 22,5 billion rubles in construction of a processing plant in Yakutia - EastRussia | Far East

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"Colmar" will invest 22,5 billion rubles in the construction of a concentrator in Yakutia

Colmar Coal Company agreed with Chinese Beijing CATIC Industry Ltd ("daughter" of AVIC International Holding Corporation) on the supply of equipment and construction of infrastructure facilities, the agreement was signed at the III Eastern Economic Forum (WEF 2017), the company's press service reported. The parties cooperate to supply and install equipment for the Denisovskaya concentrator, and also design the Inaglinskaya-2 concentrator in Yakutia.

"After the completion of the design (" Inaglinskaya-2 "), the parties intend to conclude an agreement on the supply of equipment, installation and financing of OF Inaglinskaya-2 with surface infrastructure facilities with a total estimated cost of 22,5 billion rubles," the report said. Final refinement of the cost will be made according to the design results. It is reported that the Denisovskaya project is in the final stages of completion, the entry is scheduled for the beginning of 2018. The factory will increase the processing capacity from 2 million tons to more than 8 million tons of coal concentrate per year. After the introduction of two new factories, Colmar will be able to produce up to 20 million tonnes of coal concentrate per year.

“Colmar” plans to reach the volume of coal production 2021 mln. Tons per year by 24. The main part of the coal concentrate will be exported to the APR countries. Colmar’s export sales account for 50% of total production.

VEF-2017 is held in Vladivostok. Prospective Russian and foreign investment projects are presented at the forum. The main program of the forum is designed for 6-7 September. On Wednesday, the forum discussed issues of renewable energy, implementation of gold mining projects, development of the Northern Sea Route. On Thursday, it is planned, among other issues, to discuss the development of TOP, air transportation in the Far East, seaports, development of the border territories of the Russian Federation.