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India Eying Metallurgical Coal Imports from Russian Vostok Coal

Coal News - Published on Tue, 05 Nov 2019

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The Barents Observer reported that from the vulnerable tundra lands of the remote peninsula of Taymyr will soon be extracted many million tons of coal. Much of it will be shipped along the Northern Sea Route to India. Indian Minister of oil, natural gas and steel Dharmendra Debendra Pradhan visited Russia last month. The minister was on a four-day tour in the Russian Far East and he had with him a powerful delegation of leaders from the country’s biggest industrial companies. He said “Our negotiations must end with a successful project decision on the development of metallurgic coal, that is to be exported from Russia.”

Several new major mining projects are under development in the remote northern region. Among them is the projects of company Vostok Coal in the Taymyr Peninsula. Since 2016, the company has prepared the ground for a huge industrial project that includes several open pits and the building of seaports, roads and other infrastructure. Vostok Coal believes that the lands of the Taymyr tundra hide unprecedented volumes of coal. According to the company the Taybass, the Taymyr coal basin, has as much as 225 billion tonnes of high-quality coal.

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Posted By : Rabi Wangkhem on Tue, 05 Nov 2019
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