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Ministry of Energy: Russia can attract Chinese companies to cooperate in the development of coal deposits

Sep 25th, 2009 | By admin | Category: Company News

In the framework of Russia-China memorandum of understanding on cooperation in the mining area of the visit of representatives of the Chinese coal industry in Russia, which lasted from 9 to 18 September. This was reported in the press release the Ministry of Energy of Russia.

According to the Director of the Department of the coal and peat industry, the Ministry of Energy, Konstantin Alexeyev, Russia and China are interested in long-term supply of coal production in China. During the negotiations the sides considered issues of participation of Chinese companies in the development of coal deposits, development of transport infrastructure to export coal, discussed the possibility of scientific and technical cooperation, especially in the deep processing of coal.

ministry spokesman said that the parties expressed mutual interest in cooperation with the development and exploitation LLC Oriental Pearl , with the development of the deposit Erinaks, coal resources of the Sakhalin area, the construction of railways and marine coal terminal, providing the export of coal in Sakhalin China.

The possibility of attracting investment by Chinese companies in the development of coal resources in the Kemerovo Region and the Buryat Republic, the construction of coal washing plants and other facilities in the establishment of joint institutions for production and service equipment for mining and processing coal. On all these issues will be negotiated continue , - said Konstantin Alexeev.

He also said he considered appropriate cooperation with Chinese organizations ZAO United Industrial Corporation on development of deposits of coking coal brands F on Elegesskom deposit in the Republic of Tyva. In addition the parties agreed to facilitate negotiations with the Chinese side Mechel on the construction of transport and other infrastructure, enabling delivery to the Elga coal deposits for export.

The regular meeting of the delegations of the coal companies on both sides, during which planned to discuss specific issues of cooperation, scheduled for the near future.
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