Raspadskaya and Belon to buy new deposits

Right to develop 2 coal deposits was put up for auction in Kemerovo. According to Federal Agency for Natural Deposits Development of the Russian Federation the license to develop Raspadskaya-3 Mine, a coal deposit located 13 km to the North of Mezhdurechensk was bought by Raspadskaya, JSC for 104.5 mln rubles. The reserve of coal at the deposits is estimated at 300 mln tons. Chertinsky Gluboky Deposit near Belovo was bought by Chertinskaya-Yuzhnaya Mine Ltd. (part of Belon Group controlled by Magnitogorsk Iron and Steel Works, JSC) for 137.5 mln rubles. The reserve of coal at the deposits is estimated at 57.5 mln tons.

Based on Kommersant-Novosibirsk