Rostech and Shenhua will develop Siberia and Far East

RT – Global Resources, a member of Rostech Corporation and Shenhua Overseas, a subsidiary of Shenhua analyze the possible joint development of coal deposits in Siberia and Far East, and the development of the accompanying industrial and logistic infrastructure. The sides will jointly develop the Ogoja coal deposit in the Amur region and will build a coastal coal terminal in the Primorye region ‘The Vera Port’. On June 4th, RT – Global Resources closed the transaction on entry to the project of the construction of the port. It will act as the lead coordinator of the project. They closed the memorandum in Beijing on June 17. The document was signed by the CEO of RT – Global Resources A. Korobov and by the authorized Chairman of the Board of Directors of Shenhua Overseas, Shao Junjie.