TurkPower has reported that Sibcoal Mining, TurkPower’s wholly owned subsidiary, has purchased 100% of a 49-year lease in order to expand, mine and operate the Zavyalov Square Part 1 (Zavyalov) located in the Toguchina Coal Field.
Zavyalov Square Part 1 is an open pit mine and it contains more than 100 MMT of high-grade hard coking coal, which is an estimated quantity. The nature of coal that is present at Zavyalov is humic. This coal has relatively less moisture, GCV of 7990 – 8680 Kcal/kg and volatile matters averaging 20%. GZh, K, KC, KO are the coal grades and are ideal for processing in order to produce metallurgical coking coal.
The location of this Zavyalov lies at a 5 km distance from the West Siberian rail road and is near the Kemerovo Region of Russia, which is also called as the Kuzbass Region. Kuzbass contains 80% of total production of coal in Russia. Export of coal from the Kuzbass Region is considered to be the fifth largest in the globe. The company completely explores and surveys the mining regions for coal deposits.
According to Ryan E. Hart, the CEO and Chairman of TurkPower, the company is taking the initial step to become a profitable and prospective mining firm, with the acquisition of Zavyalov mine. The mining consultants of the company are anticipating the Zavyalov mine for producing high-grade coking coal for up to 1 MMT during 2013, and between 2-2.5 MMT during 2014, Ryan stated.
Source: http://www.turkpowercorp.com/
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