Belon Group Enterprises | 29 August 2008 г. | 12:27

New Belon Coal Mine Guarantees Raw Materials Supply of MMK

Russian coal producer Belon, in which MMK holds a 41,3 percent stake, set in operation the Kostromovskaya mine in Kemerovsk Region. Cutting edge technology and automated process guarantee production of 2 million tones of coking coal of deficient grade per year.
As the Kostromovskaya mine reaches full production capacity Belon will increase coking coal production by 50%, and secures MMK`s long-term coking coal supplies.
Viktor Rashnikov, Chairman of the MMK Board of Directors, said: «The construction and commissioning of the Kostromovskaya mine represent a key milestone in implementation of Belon`s plan of growth. Besides, the realization of this project is the next step that strengthens the strategic alliance of our companies and guarantees raw materials supply to MMK».
By 2012 Belon plans to increase coal production to 14,4 mln tn per year, including 7,9 million tones coking coal .

Source: Metal Supply and Sales
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