The company, one of the biggest coal producers in Russia, is preparing for the development of new blocks in existing pits, as well as the opening of new mines, Oilru.com reports.
Over the next ten years, more than 22 billion RUB are to be invested in new production in the region, the company’s development strategy states. The strategy was presented to regional authorities last week.
A part of the strategy is the opening of new mines both in the Pechora coal basin, as well as in other parts of the region.
Vorkutaugol is owned by Severstal. It produced a total of 8,1 million tons in 2010, most used at Severstal’s metallurgical plant in Cherepovets, Vologda Oblast.
The Pechora coal basin is the only in European Russia where the coal production capacity is close to unlimited, the Vorkutaugol website informs.
