Dmitry Novikov (president of Rosengineering) and Ekaterina Lapshina (asset manager of Albert Avdolyan) pledged their stakes in Ogodzhinsky coal deposit and Port Vera coal terminal to Rostec State Corporation.
In January 2021, Rostec State Corporation, Dmitry Novikov and Ekaterina Lapshina gained full control over these assets, which belonged to the heirs of Dmitry Bosov (see CAA Russian Coal Weekly dated January 29, 2021). Currently Rostec is a key owner of the enterprises. Presumably, the collateral is related to Rostec’s provision of financing for the purchase of shares in assets from Dmitry Bosov’s structures.
Сonsolidation of Port Vera coal terminal and Ogodzhinsky coal deposit could cost Rostec more than 10 billion RUR (135.7 mio USD).
Ogodzhinsky coal deposit is located in the Amur region, not far from the northern border with China and about 2 thousand km from the ports of the Far East. Proved reserves of coal amount to 82.7 mio t, the probable reserves are 662 mio t. The design capacity of the deposit is 30 mio t of coal per year.
Port Vera is a new coal terminal, located in the Far East of Russia. Last year, the terminal handled 2.6 mio of coal. The design handling capacity of the terminal is 20 mio t to be implemented in 2022.
Rostec State Corporation is a Russian state holding, which controls assets in various areas. The Holding is headed by Sergey Chemezov who is close to Albert Avdolyan, the owner of A-Property.
Source: CAA Analytics
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