“A-property” albert Avdalyan intends by 2023 to increase coal production at Elga Deposit from 5 million to 45 million tons, to expand the freight capacity of the railway line to the Elga—Ulak from 3.5 million tons to 30 million tons and to build transshipment facilities in the port of Vanino. Investments in the extension project are estimated at RUB 130 billion”A-property” albert Avdalyan is investing 130 billion roubles in the development of the Elga coal complex, said the representative of the company. The program of development of the project involves by 2023, increase the coal production from 5 million to 45 million tons a year, expanding the carrying capacity of the railway track to the Elga—Ulak to 30 million tons and construction of transshipment facilities in the port of Vanino.The Elga coking coal Deposit is one of the largest in the world. The reserves are estimated at 2.2 billion tons. The structure of Mr. Avdalyan in April closed the deal to acquire the Elga coal complex Mechel and Gazprombank. Until the end of the year “A-property” Ltd. plans to exercise the option to buy the remaining 49% of Gazprombank, consolidating 100% of Elga. In 2018 on the El were produced 4.9 million tons of coal.In the future, the capacity will be increased to 45 million tonnes at the entrance and more than 30 million tons of finished concentrate output. The first construction phase of Mining will be completed in the third quarter of 2021. By the fall of 2020 the volume of production at the Elga coal Deposit is planned to increase from 5 million to 7 million tons.For the shipment of coal, “A-property” Ltd is going to expand the carrying capacity of the railway line to the Elga—Ulak length of 321 km, which connects the Deposit with the Baikal-Amur Magistral. Now the carrying capacity of the branches is just 3.5 million tonnes per year. The first phase, which will be completed before the end of this year, will increase capacity to 12 million tons of coal per year. In the second phase it will increase to 24 million tonnes simultaneously with the completion of Mining in the third quarter of 2021. The third phase will be completed by 2023 and will allow you to carry up to 30 million tons annually. Reconstruction is already underway since the beginning of may.”It produces hard coking coal of premium quality with very low sulphur and phosphorus. In quality it is comparable with the Australian deposits, as Gunilla, Goldston and Gregory. All this, coupled with the low cost of production and processing and a favorable geographical location, export potential puts the Elga coal complex in the best competitive position,” said Mr Isaev.”Mechel” had plans to enter mining 30 million tons of coal a year (in January—September 2019 was produced 3.2 million tons), and construction of mining and processing factories. The cost of the extension is not known, but in 2013 “Mechel” wanted to get the Vnesheconombank loan of $2.5 billion (80 billion rubles). The extension of the railway section of the Ulak—Elga to 15 million tons per year, Russian Railways in 2018 was estimated at 45.5 billion.”A-property”, beneficiary of which is the co-founder of Yota albert Avdolyan, forms in Yakutia industrial cluster, which must except also Yakut Elga fuel company, the port of Vera and the ogodzhinskoye coal project.Eugene Zainullin
