"Mechel" abandons the project in the Far East.

While the coal terminal project is frozen due to the problems in the port of Vanino.

Igor Zyuzin’s overcredited "Mechel" has frozen the project to build a coal terminal in the Bay of Muchka in the Khabarovsk region, which was estimated at 20 billion roubles. The complex was necessary for the handling the coal from Elga, but so far "Mechel" has difficulty even with the Vanino port, IA AmurMedia reports citing "the Kommersant".

"The Kommersant" sources state that the company is ready to sell the project for 50 million dollars, but there is no one wishing to buy it yet.

The fact that "Mechel" refused to build the transport and transshipment complex for the transshipment of coal from the Elga deposit on the northern shore of the Muchka bay near the Vanino port, was told by several sources of "the Kommersant" familiar with the situation. According to one of them, the Deputy Transport Minister, Viktor Olersky made this information public during the meeting with the Deputy Prime Minister ,Arkady Dvorkovich on ports development in the Far East on Monday. The Ministry of Transport did not answer on "the Kommersant" request, but "Mechel" confirmed the freezing of the project to "the Kommersant". According to the company during the "Posiet port modernization and availability of the long agreement with the owners of Vanino port" there is no need for the new port facilities, even with the additional volumes of coal from Elga. The company leaves the possibility of the sale of the project to an outside investor open.