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- Capacity Expansion of Inaglinsky Mining and Processing Plant
The purpose of the project is to expand the capacities of Inaglinsky Mining and Processing Plant located near the Chulmakanskoye coal-mining field in South Yakutia. A mine, a processing plant, and the necessary infrastructure facilities will be created here. VEB.DV will extend financing in the amount of RUB 4 bn at 5% p.a. for a period of 10 years to Inaglinsky Mining and Processing Plant (affiliated with Kolmar Group).
Inaglinsky Mining and Processing Plant makes part of Kolmar Group’s integrated project aimed at the development of Chulmakanskoye and Denisovskoye fields, alongside with the construction of a coal terminal in Muchke Bay (that will shorten the land transport leg by over 400 km for exports). Considering private investments and funds provided in the form of state support, total investments in the coal-mining cluster and infrastructural projects will amount to RUB 75 bln rub.
Total output at Chulmakanskoye and Denisovskoye fields is expected to reach 20 mln tonnes by 2021. Total coal reserves in the fields exceed 1 bn tonnes of coal. The development of the field aims at fulfilling the Far East’s export potential (major volumes will be intended for the Asia-Pacific Region) and developing the mineral resource base of South Yakutia.
According to the forecasts prepared by Kolmar Group LLC, implementation of Inaglinsky Mining and Processing Plant project is expected to increase the GRP of the Republic of Sakha (Yakutia) by RUB 82 bn, bring additional tax revenue of RUB 13.2 bn to the budgets of all levels, and create over 4,000 new jobs by 2027.