Russian steelmaker MMK Group has announced that its subsidiary MMK-COAL has completed the acquisition of Tikhov coal mine from Russia-based PJSC Koks.
The acquisition of the mine will enable the company to cut operating costs, while optimizing its plans for integrated mining operations, and to supply the full capacity of the Belovskaya Central Processing Plant with its own coal feedstocks and to increase its profit margins. Adding Zh-grade coal from the given mine will improve the quality of the coal charge and coke, which is important in light of the upcoming launch of MMK’s new coke oven battery No. 12.
The Tikhov mine has an annual production capacity of about 1.3-1.5 million mt, while there are plans to expand annual production to 2.8 million mt.