It is reported that Vorkutaugol a coking coal producing subsidiary of Russian steel producer Severstal plans in 2011 to almost double its investments to RUB 3.4 billion compared to RUB 1.8 billion in investments planned for 2010.

Accordingly, in 2011 Vorkutaugol plans to invest RUB 1.1 billion in the maintenance of production and infrastructure and RUB 0.7 billion in modernizations and development.

As per report, in 2010, Vorkutaugol production of raw coal is expected to increase by 12.5%YoY to 12 million tonnes of which more than 7 million tonnes will consist of commercial products. Meanwhile, the company's production of coking coal in the given year is expected to amount to 4.2 million tonnes to 4.4 million tonnes.

(Sourced from SteelOrbis)
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