Kolmar, an anchor resident of the Southern Yakutia advance development territory (ADT) in Russia’s Neryungri Region, plans to double its coal production in Yakutia in 2021, as reported by TASS.

“In 2020, coal production amounted to 6.7 million metric tons (mt), whereas the plan for 2021 is to double that result through reaching production capacity of the commissioned Inaglinsky mining and processing plant and the launch of the new Eastern Denisovskaya mine,” the company said. “Investments amounted to 24 billion rubles ($317 million) in 2020, whereas in 2021 [investments] are planned at 30 billion rubles ($396 million),” the company said.

Almost 80% of Kolmar’s exports flow to China.

“Moreover, the company is actively working with Japan, whereas after the commissioning of its own coal terminal in the port of Vanino the promising Indian market became accessible as the talks and spot supplies to large Indian companies are under way. A pilot shipload was delivered to South Korea’s major metals company several months ago,” the press service said.

“Despite the challenging economic situation, we feel optimistic about the future and continue boosting production. We receive an increasing number of applications from top Chinese metals enterprises on import of the Russian coal that are willing to reduce the share of coal purchases from Australia. And we are ready for such a step, expanding high-tech production and infrastructure for increasing coal output volumes,” Chairperson of the Board of Directors Anna Tsivileva said.

Kolmar owns the Inaglinskaya and Denisovskaya coal preparation plants in Yakutia. Balance reserves exceed 1 billion metric tons of coal.