Investment for the future

26 September 2018

The Taldinskaya Mining Company is a coal Mining holding consisting of two coal mines: Kyrgaiskaya mine and Taldinskaya-Yuzhnaya mine. Production output of the Kyrgaiskaya mine in 2017 amounted to 3.2 million tons, production output of the Taldinskaya-Yuzhnaya mine – 1.5 million tons. It is planned to increase production up to 3, 5 and 2.5 million tons by 2020.

The company constantly invests in its enterprises to achieve the level of above mentioned indicators. As an example, the modernization of the degassing system has been completed at the Kyrgaiskaya mine, the introduction of a new gas analytical mine multifunctional system and apparatus for monitoring the efficiency of gas removal systems and degassing systems and another additional site is under construction for additional revealing mining workings. Construction of a new main ventilation fan and boiler installation at the Taldinskaya-Yuzhnaya mine is performed, reconstruction of wastewater treatment facilities is under way and preparations are underway for the development of the new 45th layer. 854 million rubles were being allocated in 2017 for the implementation of these construction and installation works. Next year it is planned to allocate for these purposes 779 million and in 2019-2020 – 1.907 billion. Just for 2017 was transferred 2 billion rubles of tax payments to the budgets of different levels.

A significant amount of investment is channeled into the acquisition of modern mining equipment for a stable development of enterprises. In particular, in 2016 a mechanized sewage treatment plant were put into operation at the Kyrgaiskaya mine. In 2019, it is planned to supply a more productive mechanized complex to the Taldinskaya-Yuzhnaya mine. The lines of conveyor transport, a fleet of road headers and a park of diesel-hydraulic locomotives were also updated. 1.6 billion rubles was spent In 2016-2017 for the purchase of mining equipment. It is planned to spend 1.4 billion on these purposes in 2018and after in 2019-2020 – 4.9 billion.

The Management Company has begun construction of a 220 kV substation and four high-voltage power lines to increase the reliability of power supply to enterprises,

Reconstruction works of the railway track of Maganak station with a total cost of 216 million rubles were conducted in 2017. The result of the reconstruction measures is not only to increase the length of the railway tracks by 4,100 m but also the electrification of the railway transport with the installation of additional equipment which made it possible to increase the volume of coal shipment up to 210 wagons per day. In addition new loading equipment, tractors and bulldozers and a crushing plant were commissioned. The total amount of investments including the costs of reconstruction of the railway track amounted up to 400 million rubles. The annual volume of coal sales increased to 4.8 million tons thanks to the carried out activities.

The Taldinskaya Mining Company started construction of the Washing Plant “Taldinskaya” as a part of the investment program. The location of its technological complex is provided on the industrial site near the railway station “Maganak”.

The technological complex includes:

– Substation “Kyrgayskaya” 220kV which is designed to provide electricity to the Washing Plant “Taldinskaya”, Kyrgaiskaya mine and Taldinskaya-Yuzhnaya mine and JSC” MIRATEX GROUP ” (the first category of reliability of power supply will be assigned to the substation);

-Railroad station”Maganak-2″ with a turnover of more than 8 million tons per year;

– Washing Plant with a production capacity for processing ordinary coal at least 6 million tons per year which will produce 4.9 million tons of high-quality concentrate of coking and energy brands.

The raw material base of the Washing Plant will be consisting of coals mined at the Kyrgaiskaya mine and Taldinskaya-Yuzhnaya mine. It is also possible to receive and process with brought in 3rd party coal delivered by rail and road transport. The planned timeframe for the construction project is the first quarter of 2020. The service life of the factory is not less than 50 years.

The functioning of Washing Plant and a loading station will improve the quality of produced and processed coal, increase the volume of its shipment and create more than 400 new job places.

The launch of a new Washing Plant will increase the competitiveness of coal concentrate in domestic and global markets and the profitability of the company’s coal mining enterprises. In addition, it will have a positive impact on the socio-economic indicators of the region. Among this indicators: a stable level of tax deductions to the local budget, the organization of new jobs at different levels of specialization with modern and safe working conditions, ensuring a decent level of wages and a social package for employees.

Technical re-equipment of production allows not only to achieve all the planned indicators but also to provide miners with safe working conditions. The average salary at the company’s enterprises is one of the most stable and high in the region. Annually the company organizes measures to improve up to 500 workers including members of their families. Employees get on comfortable corporate buses to the place of work.

At the beginning of each year, the Taldinskaya Mining Company concludes agreements on social and economic cooperation with the administration of the Kemerovo region. In accordance with this agreements company takes an active part in regional social programs. The enterprises of the company work steadily and timely deduct taxes to budgetary and extra-budgetary funds.