DEVELOPMENT OF MINING AND PROCESSING PLANTS BASED ON CHULMAKAN AND DENISOVSKY STONE COAL DEPOSITS

 
18 billion rubles Total investments
2400 Number of jobs
Kolmar is a coal mining holding engaged in the development of coking coal deposits in the territory of the Republic of Sakha (Yakutia) with the balance reserves exceeding 1 billion tons of coal.

Preparation of hard Yakutian coals requires special technological solutions. The holding is currently engaged in the construction of Denisovsky and Inaglinsky mining and processing plants. The plants use innovative steeply inclined separators to ensure maximum stone separation and facilitation of further preparation in heavy media. The company uses a unique technology developed by the Russian institute KENES and specialized home equipment.

In 2015–2016, it launched commercial operation of the coal strip mine, the preparation plant based on Inaglinsky mining and processing plant, and the second stage of Denisovkaya mine.

The current capacity of each plant amounts to 2 million tons.

In 2018, Kolmar plans to process 12 million tons of coal to produce high quality coking coal concentrate. To achieve this goal, the company is implementing a comprehensive 40 billion ruble investment program. It plans to build Inaglinskaya mine and the second preparation plant, Denisovskaya-Inaglinsky mine and preparation plant.

In 1974, the governments of the USSR and Japan signed an agreement for the supply of South Yakutia coal. Cooperation between the countries helped to build infrastructure and set up the town of Neryungri, which today is the second largest town in South Yakutia. It also help to launch production of coal – one of the best coals in the world by its properties. However, by the start of 2000s, production declined due to the depletion of old strip mines. Kolmar’s new project will help to activate production, provide jobs for the citizens of the monotown of Neryungri engaged in coal industry, and capture the region’s export potential.

With high volatility of coal prices and slowdown of world economy growth rates, the project will require long-term investments. Inaglinsky mining and processing plant capacity expansion project qualifies for the support by the Far East Development Fund in the amount of up to 7 billion rubles at 5% p.a. in rubles for the term of up to 10 years. Financing by the Fund may increase project efficiency by 15%, reduce payback period by 2 years (4 years maximum), provided the current market conditions remain unchanged.

Besides, the company already constructed a railway line opening access to the Baikal–Amur Mainline and the Trans-Siberian Railway and a high voltage power line with a substation, leveraging funds from the federal budget (~3.2 billion rubles).

The company plans to use the funds saved through the state support measures for further expansion of production capacities.

It plans to export some products. In 2016, under the memorandum signed with JFE Steel, the first trial batch of coal concentrate was shipped to Japan. Together with its Japanese partners, the company plans to construct a coal terminal in the Muchke Bay in the Khabarovsk Krai, which will reduce the ground transportation leg used for export by over 400 km.

Sergey Tsivilev, general director of Kolmar: “We effectively cooperate with regional and federal authorities. Today, we have a strong team working in the Far East. Businesses are offered a large number of new state measures to support investment projects, which really work and which everyone needs to use.”
IRR: 44%
Project efficiency higher by 15% due to soft-term financing by the Far East Development Fund
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