Group "Sibantratsit" sold shares of several assets

Sibantracite and VostokUgol have sold their stakes in the development of the Sugodinsko-Ogodzhinskaya coal area (Amur Region) and in the port of Vera (Primorsky Krai). Thus, 50% of the shares in Ogodzhinsky Energy Holding LLC were sold to Ogodzha LLC, and 50% of the shares in Port Vera Management LLC were sold to Port Vera Holding LLC. Note that previously, both buyers already owned 50% of the shares of the respective assets. As a result, Ogodzha LLC and Port Vera Holding LLC consolidated a 100% interest in these assets.

Group "Sibantratsit" started mining coal in Spedisco-Ogodzhinsky square in the first quarter of last year. By 2022, the section was planned to produce 12 million tons per year. The reserves are represented by energy and coking coal, as well as anthracite. It was assumed that the products would be shipped to Asian countries.

The port of "Faith" is a new transshipment complex, focusing on the coal cargo. Shipments of the first bulk carriers began in the first quarter of 2019. The port was expected to reach a design capacity of 20 million tons by 2022. According to Metal Expert, coal transshipment for 11 months amounted to 2.4 million tons, which is 1.8 times more than in the same period of 2019. The main volumes followed in the countries of Asia. In addition to the Sibantracite Group, the products were delivered to the port by the Elgaugol Management Company.
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