Time MSK


Japanese investments to help Sakhalin boost annual coal production to 10–12 mln tonnes

A cooperation agreement was executed the previous day in Tokyo between Sojitz Corporation (Japan) and East Mining Company, a major coal producer in Sakhalin. The deed was signed by Oleg Misevra, the Chairman of East Mining Company's Board of Directors, and Masaaki Bito, the Managing Director of Sojitz Corporation. Governor Oleg Kozhemyako took part in the signing ceremony.

"We plan to reach 1012 million tonnes of annual coal production. This is approximately three times as much as current volumes. Our Japanese partners have expressed their readiness to assist in selling the Sakhalin coal in Asian markets", Oleg Misevra told. "For the last 3 years, we have overpeformed by 180%. This is a good development trend."

Today, a major investment project is being implemented in the Uglegorsk District to boost coal production at the Solntsevsky open-pit coal mine, upgrade the Shakhtersky Port and construct a coal conveyor connecting the mine and the harbor.

450 hi tech jobs have been created in the last 3 years thanks to the project. More than half a billion Rubles has been remitted to the national budgets of various levels. A total of about RUB 10 billion has been invested in the project by East Mining Company.

Companies | Local News | Markets |

News with "Companies" tag

News with "Markets" tag

News with "Local News" tag

All News


  • pic
  • pic