Urals Mining and Metals Company plans to invest 25 billion rubles ($780 million) this year in the development of production at Kuzbassrazrezugol coal company, a 50 percent increase from 2011, Interfax reported Tuesday.
The enterprise plans to start construction of four enrichment plants with a total combined processing capacity of 14 million tons of energy coal a year, and 17 billion rubles will go to acquiring mining equipment.
The mining company's long-term development includes the creation of a full technical cycle, from coal production to coal-based generation.
(MT)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
