Sergei Ivanov: SUEK to join investors of Ust-Luga port

Siberian Coal Energy Company (SUEK AG) is listed among the new investors of the port of Ust-Luga (Leningrad region), Vice-Premier Sergey Ivanov said in an interview with journalists at the end of the workshop in the port of Ust-Luga, PortNews reported.


According to information obtained by PortNews, the new coal terminal’s projected capacity could be up to 10 million tons of coal a year. The terminal construction is expected to begin in late 2011 – early 2012. The project implementation period - about 4 years.


Rosterminalugol (Kuzbasrazrezugol holding) is currently operating the coal terminal, the first one launched at the port of Ust-Luga, which handled 7,5 million tons in 2010.


"Actually, all the major shippers are now at the port of Ust-Luga,” Sergey Ivanov said.


SUEK is the top Russian fuel and energy company and one of the world's major producers and exporters of thermal coal.
(Source:http://en.portnews.ru)