Chinese and Russian companies to develop the coal deposit in Transbaikal.

The Russian industrial En + Group and China's largest coal company Shenhua signed an agreement on the new stage of cooperation to develop Zashulansk coal deposit in Transbaikal. The production at the field is expected to begin in 2018, and to reach its full capacity by 2021.

"The document was signed by Maxim Sokov, the Director General of En + Group, and Zhang Yuychzhuo, the Chairman of the Shenhua Board, in the presence of the Russian President, Vladimir Putin and the President of China, Xi Jinping", - the En + website states.

Within the next two years JV of En + and Shenhua will hold the necessary exploration and approve the reserves at the field, as well as prepare all the project documentation. According to preliminary estimates, the investment in the project will exceed 30 billion roubles.