Kuzbassrazrezugol increases investments for 2011

Friday, 01 April 2011 11:36:08 (GMT+3)   |  
       

In 2011, Russian coal mining company Kuzbassrazrezugol plans to increase its investments from Ruble 10.3 billion ($362.3 million) in 2010 to Ruble 13.9 billion ($489.4 million), including Ruble 7.6 billion ($267.6 million) for transport and mining equipment acquisition, Ruble 5.3 billion ($186.6 million) (double the 2010 figure) for major construction work, and not less than Ruble 658.7 million ($23.2 million) for railway transport development.
 
In 2011, Kuzbassrazrezugol plans to produce 47 million mt of coal, which is less than the 49.71 million mt of coal produced in 2010.

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