Russian power and metal holding EN+ will invest about RUB 50bn in the largest coal project in Transbaikalia - the development of the Zashulan deposit.
Currently, the company "Razrezugol" (a joint venture of EN+ and the Chinese CHN Energy) is carrying out construction and installation work on the first phase facilities, as well as designing a substation and power transmission lines for reliable power supply to the deposit. In addition, the project will create a motor road for coal transportation and a railway station for fuel loading, as well as purification facilities and additional infrastructure.
The output of the deposit to the projected capacity - the production of 5 million tons of coal per year - is planned for the end of 2027, and all works are being carried out strictly according to schedule.
Andrey Davydov, Director of Coal Business Development at EN+, noted: "The development of the Zashulan deposit will allow us to create a major player with strategic advantages in the global coal market - this is premium coal quality and a short logistics trac. Considering the low production costs and favorable geographical location, close to export markets, the Zashulan mine is in a favorable position relative to competitors. Despite all the external challenges, the project is on track and on schedule."
The development of the Zashulan deposit will make a significant contribution to the development of the economy of the Trans-Baikal Territory, create more than 1,700 jobs for the region's residents, and form an additional source of high-quality coal for supplies both to the domestic market and to Asian countries.
