Russian mining and steel group Mechel has announced that its subsidiary Southern Kuzbass Coal Company has launched its new longwall mine at V.I. Lenina underground mine. Investment in the project totaled RUB 230 million ($3.99 million).
According to Mechel, the new longwall’s industrial coal reserves are estimated at 650,000 mt of valuable coking coal grades.
Pavel Shtark, CEO of Mechel’s subsidiary Mechel Mining Management Company, stated that the launched longwall will yield high-quality coking coal with low ash content, which is much in demand both domestically and internationally.