Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Mechel plans to launch the second section of its Southern Kuzbass Coal company’s longwall 3-1-11 working area to extract close to 1.5mn mt of coking coal used in steel making. 


The whole of longwall 3-1-11 has an estimated coking coal reserve of 3.5mn mt out of which 1mn mt has already been excavated at the first production area, it said in a statement. 


The company plans on investing close to RUB 300mn ($3.9mn) for the second section of excavation. Moving forward, Mechel also plans to mine the third excavation area to mine the balance reserve, which is due to launch by next year. 


$1 = RUB 76.37

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