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China and Russia to develop Ogodzhinsky coal deposit

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World Coal,

Chinese coal miner, Shenhua, and Russian technology and manufacturing corporations, Rostec, has signed a memorandum of understanding (MoU) “regarding prospects of joint development of coal deposits in Siberia and the Far East”, the companies said in a press statement. The MoU was signed by Andrei Korobox, CEO of RT-Global Resources, a subsidiary of Rostec, and Shao Tzuntze, the chairman of the board of directors of Shenhua International.

According to the statement, the two companies plan to work on the development of the Ogodzhinsky coal deposit in the Amur region, as well as on the construction of the coal maritime terminal Port Vera in Primorsky region. Earlier this month, RT-Global Resources agreed to join the port construction project and to act as the project coordinator. The Russian company has also signed an agreement with the Amur region authorities on cooperation in the integrated development Ogodzhinsky field.

Gerbikan-Ogodzhin Coal Basin is located in the Amur region with the total estimated coal reserves 1.6 billion t. The development of the field was included in the Russian government’s programme to develop the country’s coal industry, as well as in a memorandum of understanding and cooperation signed between China and Russia in 2010.

The estimated investment required to develop the project is US$ 5 billion. The project aims to produce 30 million tpa by 2019, creating 8000 new jobs and starting a modern mining centre for the region.

Construction of the coal sea terminal Port Vera is planned near Cape Otkytiy in Primorsky region. It is designed for vessels of 40 – 150 t. Throughput of the port is anticipated at 20 million tpa. The area of 826 ha. has already been allocated to the project, which is scheduled to begin in 2015. The port will ensure long-term supply of coal to domestic consumers in the Far East and to foreign partners in the Pacific region.

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