Kolmar

Kolmar to invest over 28 bln rubles in growth of coking coal production

The total amount of the Kolmar Management Company’s investments in projects of the Inaglinsky and Denisovskiy mining and processing complexes (GOKs) in Yakutia is estimated at 28.4 billion ru

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What will be the results of sharp rise in coal price

The coal industry, which in the past few years was in the "red zone" of the bankers and investors because of low commodity prices and a trail of notorious bankruptcies, has experienced re

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Kolmar plans to increase production of coking coal to 7 mln tons

In 2017, Kolmar plans to increase the production of marketable coal products by 56.7% compared to the level of the current year to 5.8 million tons, the company’s general director Sergei Shev

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Kolmar to create coal terminal in port of Vanino

Kolmar, the Fund for Development of the Far East and State Transport Leasing Company (GTLK) have signed an agreement on the construction of infrastructure facilities for the specialized marine term

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Export of 111 thousand tons of coal from Yakutia to China in June

The branch of Freight One JSC in Vladivostok supplied 111 thousand tons of coal from Yakutia to China by rail in June 2016.

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Kolmar to invest in coal mining

Coal company Kolmar, 60% of which are owned by Gennady Timchenko and Andrei Bokarev, has planned to invest 25 billion rubles to triple the production to 12 million tons by 2017. The company wants to find a part of the money in the state-owned banks, but they haven’t yet given consent, and analysts don’t believe in rapid return of the money on the project against the background of the global decline in the demand for coking coal.
Kolmar, holding reserves of about 1 billion tons of coking coal in Yakutia, plans to invest 25 billion rubles to increase its production from the current 4 million tons to 12 million tons by 2017. About 30% of this amount are the funds of the company, the rest are the planned borrowings, mainly from Russian banks. And by 2020, Kolmar intends to increase the capacity to 20 million tons per year (investment hasn’t yet been determined), told co-owner (20%) and the general director of the company Sergei Tsivilev and deputy financial director Arkady Ostrovsky.

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Railroad branch costing 2.322 billion rubles constructed to Ignalinsky coal complex

Railways of Yakutia has completed construction of the railway line from the Chulbass station of the Amur-Yakutsk railway to the Inaglinsky coal complex to the amount of 2.322 billion rubles
"The opening of the railway line will be held on Saturday, November 7. The shipment of coal will start immediately," - reported the press centre of the Ministry of Transport and Roads of Yakutia.
The construction of the 7-kilometer railway line to the Inaglinsky coal complex is a part of the project "Integrated development of South Yakutia", realized on account of the budget.

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Gunvor returns Russian.

Andrey Bokarev got another asset of the trader.
Speculation that the assets of oil trader Gunvor, the share in which Gennadiy Timchenko sold Swedish partners a day before the introduction of the US sanctions against the businessman, will stay long under foreign control is confirmed. Following "Kolmar" Gunvor sold control of oil product terminal "Ust-Luga Oil" to the structure of businessman Andrey Bokarev. He began working with Gennadiy Timchenko even before the sanctions, becoming in 2012 the owner of the railway operator "Transoil". But the terminal was the largest deal in the history of this partnership - analysts estimate the share in it at 70 billion roubles.

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Timchenko has announced plans to sell its stake in "Kolmar" to the Chinese.

Volga Group of the Russian billionaire Gennadiy Timchenko plans to sell its stake in the coal company "Kolmar" to investors from China, "Interfax" informs.
"I'm waiting for the Chinese", - Timchenko stated in response to a question about the possible sale of his stake in "Kolmar". The billionaire added that the minority owners of "Kolmar" might also sell their shares to the Chinese.

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Gunvor sells 30% of coal company Kolmar

The buyers are the structures of Andrei Bokarev and Iskander Makhmudov, major shareholders of UGMK. After the sale of the asset, the Volga Group of Timchenko will still have 30%. Pronedra previously reported that within balancing the portfolio of its assets, Gunvor planned to get rid of Russian companies.

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