On June 28, 2021 Kuzbassrazrezugol (KRU) proposed to buy bankrupt Alexievskaya coal mine, belonging to Polysayevskaya coal company. Preliminarily, 99% of the mine’s creditors voted in favor of this offer. Under the statement of the Minister of Coal Industry of Kuzbass Oleg Tokarev, KRU undertakes to pay the salary debts of the mine, keep the current number of miners and take measures to avert a possible ecological disaster.
Preventing an ecological catastrophe means the timely pumping of water from Aleksievskaya mine. In the event of flooding the water can pass through coal seams to other mines. KRU’s mine Baikaimskaya is located directly under the coal seams of Aleksievskaya.
In 2020, Alexievskaya coal mine extracted 0.14 mio t of thermal coal (-1.25 mio t to 2019). In February 2021, the mine was put up for auction for the 6th time in the form of a public offer at an initial price of 600 mio RUR (8.2 mio USD). Bids are accepted until July 10, 2021.At the end of March 2020, operations at the mine were suspended. In 2017, Alexievskaya mine entered into receivership as a result of insolvency proceedings commenced amid low profitability of coal production at the mine.
KRU is the second largest coal producer in Russia, belonging to Ural Mining and Metallurgical company. KRU includes Kedrovsky, Mokhovsky, Bachatsky, Krasnobrodsky, Taldinsky, Kaltansky open-pit mines and Baykaimskaya coal mine. In 2020, the company extracted 43.2 mio t (-3.8 mio t or -8.1% to 2019). On June 25, 2021, KRU purchased Taldinsky-Zapadny open-pit mine from TalTEK.
Source: CAA Analytics
