Subsidiary of Yakutugol AO, Republic of Sakha (Yakutia), Russian Federation
Elga is one of the world’s largest deposits of high-quality coking coal. Elga’s JORC reserves amount to approximately 2.2 billion tonnes. Elga is located in
Mining at the deposit was launched in 2011. In the same year transport began at the 321-kilometer railway built by Mechel, which links the deposit with Baikal-Amur Mainline. This is Russia’s only private project of such scale in the transport sphere.
The Elga coalfield allows
On the Russian metallurgical coal market, Elga’s coals are rare and valuable. The deposit contains
The Elga project's first phase includes construction of a mining facility with an annual capacity of 11.7 million tonnes of coal.
In September 2013, the state corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” provided financing totaling 2.5 billion US dollars for the further development of Elga Coal Complex.
In June 2016, Mechel closed the deal on selling 49% share in the Elga coking coal deposit development project to Gazprombank AO.
21 December 2016
09 June 2015