Elga Coal Complex remaining shares sold by Mechel
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.
Russian businessman eyes Gazprombank's stake in …
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...
Russian authorities approve phase 2 of Elga coal project
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 ...
Russian tycoon buys 49% of Elga coal project, talks to
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. Avdolyan's company A-Property is still in talks to buy the remaining 51% in the project from Russian steel and coal producer Mechel. For …
ELGA
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 ...
ELGA
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.
Russian authorities approve phase 2 of Elga coal project
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, …
Russia's Mechel keeps options open on Elga coal mine stake
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.
Sugodinsk-Ogodzhinsky Coal Mine
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]
Elga Coal Complex, Sakha Republic (Yakutia), Russia
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Elga Coal Targets 26 Million Tonnes Output in 2023
WEBRussia's Elga Coal Company (ECC), aiming to capitalize on Asian demand, plans to ramp up coal production to 26 million tonnes (mt) in 2023, despite postponing its ambitious 45 …
Russian businessman eyes Gazprombank's stake in Elga coal project
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 ...
Port Posiet
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 .
Russia's Mechel sells main coal mine project to reduce debt
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.
Mechel to buy stake in Elga coal project for $461m – sources
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 ...
Port Elga coal terminal
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.
A-Property to merge the management of its coal assets
In 2020 and 2021, the Elga project consistently ranked first in terms of production growth among all coal companies in Russia. Last year, ElgaUgol doubled coal production compared to 2020, to 14.7 million t of coal. In 2022, the company plans to mine and ship 20 million t of coal, and the target by 2023 will reach 45 million t of coal.
Russia: Elga Coal Complex
NEWS. Russia: Elga Coal Complex. 24 April 2020. Project Type : Open-pit coal mining project. Location : Sakha Republic (Yakutia), Russia. Producer of : Coking …
Russian tycoon buys 49% of Elga coal project, talks to
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.
Elga Coal Targets 26 Million Tonnes Output in 2023
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:
ELGA
elga mining llc The company that extracts coal in the Republic of Sakha (Yakutia) and focuses on cargo transportation via purpose-built vehicles and project engineering of …
Elga Coal Complex
The Elga coal mining project is located in the south-eastern region of the Sakha Republic (Yakutia), approximately 415 east of Neryungiri. The nearest port facility is at Vanino which is 1,900km by rail, while the Possiet Commercial Port in the Primorsky Territory is approximately 2,430km via rail.
Overview — About the company — ELGA
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 ...
Elga Mine
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 …
Russian authorities approve phase 2 of Elga coal …
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 …
Grandiose dreams of big coal in the frozen …
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 ...
Guinea Greenlights Major Iron Ore Project with Global Giants
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 ...
Russia's Mechel to buy stake in Elga coal project for $461m
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 ...
SPECIAL REPORT-A grandiose dream to carve out a giant coal mine …
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 ...
Avdolyan and Isaev Divest Sibanthracite Assets to Focus on Elga …
The restructuring is aimed at focusing on the development of the Elga coal project, with an expected coal production and processing reach of 50 million tons per year. Advertisment. ... BPH has acquired the coal mining group 'Sibanthracite' and positions itself as a long-term strategic investor aiming for the group's intensive development ...
Russian miner Mechel in talks to sell stake in Elga …
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 …
