Zarechnaya has started development of a new face for 1.7 million tons of coal

Zarechnaya has started the development of the new face #1303 at the Baikaimsky deposit with reserves of 1.7 million tons of coal. They have invested 100 million rubles to preparing of the pit. The development of the face will be completed by May 2015 with monthly capacity of 260,000 tons. They now operate the mine two faces, and development of one of them will be completed at the beginning of December. The enterprise is going to produce 2.9 million tons of coal in 2014.

Zarechnaya is a Russian coal holding including 5 coal production enterprises and 2 building mines, a concentrating plant and auxiliary enterprises. The company is controlled by UVZ-Logistic, a subsidiary of Uralvagonozavod.

On August 26th 2013, UVZ-Logistic closed the contract for the sales of 98.8% in Zarechnaya with Interconsulting belonging to V. Nusenkis. The assets were re-registered for Interconsulting by MPO Kuzbass in 2011. The transaction is contested in court by Indtek Finance and Salesi Investments Limited belonging to the former prosecutor general of the Ukraine G. Vasilyev. Indtek Finance and Salesi Investments jointly holding 65% in Zarechnaya claim that the transaction should have been coordinated with them.