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Severnaya Zvezda plans to redirect coal from Taimyr to Russian market

The Severnaya Zvezda Company plans the coal cluster project will be completed in 2040

KRASNOYARSK, April 4. /TASS/. The Severnaya Zvezda Company (a part of AEON Corporation), which develops the Syradasay deposit in the Krasnoyarsk Region’s north, may redirect the coal supplies to the Russian market in case of the West’s sanctions and if Russian vessels are blocked, the company’s Director General Stalbek Mishakov told TASS.

"As for the further planned coal export, under the conditions of the sanctions and of the blocked cargoes in Europe, we consider selling up to 100% of the product on the Russian market due to the shortage of this mark inside the country and due to the competitive price," he said.

According to him, the K-mark coal from the deposit is of high demand both in Russia and abroad. The company also eyes export to China in 2023, he added. "We have been negotiating potential customers in Turkey, India, Vietnam and Brazil."

The company does not drop the plan to begin coal production at the deposit in the current year. "For this purpose, earlier, the company has bought special foreign equipment, and now we have been working on equipment supplies and services from Russian and Chinese companies," Severnaya Zvezda’s director general said. "In the future, equipment supplies will be adjusted to the economic situation, and in case it will not be possible to receive some equipment, we will search for alternative suppliers."

About Syradasay deposit

The project to build a coal cluster at the Syradasay deposit (110 kilometers south-east of the Dikson settlement) has the status of the Arctic Zone’s resident. It is a part of the Yenisei Siberia investment project, implemented by the Severnaya Zvezda Company. The cluster construction includes a pit with the annual capacity of 5 million tonnes at the initial stage, and 10 million tonnes at the second stage, as well as the construction of a processing plant, the Yenisei sea port, a road, a power plant, an aerodrome and a town to accommodate shift workers. Investments to 2025 are estimated at more than 45 billion rubles ($524 million).

The Severnaya Zvezda Company plans the coal cluster project will be completed in 2040, AEON Corporation’s Chairman of the Board Roman Trotsenko said earlier. The project is on the list of the Krasnoyarsk Region’s investment projects.

The Yenisei Siberia comprehensive investment project is aimed at implementation of national projects in Khakassiya, Tuva and the Krasnoyarsk Region. It was initiated in late 2017. Russia’s President Vladimir Putin supported the idea in February, 2018. In April, 2018, the regions inked an agreement on cooperation under the project.

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