MINING
 


THE RAW FACTOR

In line with the Group’s strategy, in 2002 and 2003 Coeclerici invested roughly 18 million USD to develop a coal mine in the Kemerovo region in Russia, acquiring exclusive international sales rights for the two million tons of coal the mine produces annually.

In 2008, Coeclerici acquired 100% of Korchakol, a low volatile coal (PCI and thermal coal) mine located in Siberia, near the city of Novokuznetsk. It was the first time in history a Western company acquired a steam coal mine in Russia.

The purchase included the production site as well as a transportation system to carry the raw material from the mine to nearby clients and a loading facility. From here, a coal railway system carries the coal to the port of Murmansk, in Northern Russia (Barents Sea).

 
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