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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Gunvor Group, through a 50:50 joint venture with Volga Resources, has acquired a ...
Gunvor Group, through a 50:50 joint venture with Volga Resources, has acquired a 60% stake in Kolmar Management Company, one of the Russian Federation’s leading coal producers. The deal represents Gunvor’s first foray into Russian coal mining. Kolmar has a long-term strategy to increase annual production from the current 2mn t/y to 10mn t/y. Bixcut Holdings owns the remaining 40% stake in the coal producer. Located in Sakha Republic of the Russian Federation, Kolmar holds reserves of more than 1bn tonnes of high-quality coking coal and operates several mines within the Chulmakan and Denisovsky coal fields within Eastern Siberia. It owns licences for open pit and underground mining production, and is developing new projects within these exploration areas.
News Item details
Region: Russia & Central Asia
Keywords: Coal
Subjects: Information technology, Mining Engineering, Energy efficiency, Resource use and management, Management and commerce, Project Management, Coal mines, Energy consumption, Mining and quarrying, Coking coal, Reserves
