Vedomosti cited people it didn’t identify reported that Evraz Group SA and OAO Severstal Russia largest steelmakers may face difficulties mining metallurgical coal in the untapped Tyva coal province in East Siberia.

The newspaper said citing an official in the Economy Ministry that exporting coal from the province will require RUB 116 billion of investment in expansion of OAO Russian Railways Trans-Siberian railroad and the state rail company lacks money for this.

Yenisei Industrial Co acquired by Russian Copper Co shareholders this year is another company seeking to develop coal deposits in Tyva.

(Sourced from Vedomosti)