In a significant development in the Russian coal mining industry, MMK-Coal, a division of MMK Group, is currently engaged in negotiations to acquire the Tikhov coal mine from Industrial Metallurgical Holding (IMH), according to industry sources. The Tikhov underground mine, located in the Kuznetsk Basin, is adjacent to the Nikitinskoye hard coal deposit being developed by MMK-Coal.While both IMH and MMK Group have declined to comment on the negotiations, sources have confirmed that talks are underway, although the deal has not yet been officially announced. The Tikhov mine is a crucial asset for IMH, currently responsible for around half of the company's coal production. However, IMH's strategic focus has shifted towards the metallurgical segment, prompting the decision to sell the coal asset.The potential acquisition of the Tikhov coal mine by MMK-Coal highlights the company's intent to strengthen its position in the coal mining sector. With existing coal assets, including the Kostromovskaya and Chertinskaya-Koksovaya deep mines and a washing plant in Belovo, MMK mines approximately 40% of its coal requirements. The addition of the Tikhov mine would enable MMK-Coal to consolidate its operations and potentially optimize investment activities.The outcome of these negotiations will have significant implications for the Russian coal and metallurgical markets. IMH's decision to divest its coal asset aligns with its focus on developing a robust raw material base and implementing innovative and environmentally friendly technologies in the metallurgical sector. The deal is expected to reduce operating costs and optimize investment activity while addressing the group's debt structure.
In a significant development in the Russian coal mining industry, MMK-Coal, a division of MMK Group, is currently engaged in negotiations to acquire the Tikhov coal mine from Industrial Metallurgical Holding (IMH), according to industry sources. The Tikhov underground mine, located in the Kuznetsk Basin, is adjacent to the Nikitinskoye hard coal deposit being developed by MMK-Coal.While both IMH and MMK Group have declined to comment on the negotiations, sources have confirmed that talks are underway, although the deal has not yet been officially announced. The Tikhov mine is a crucial asset for IMH, currently responsible for around half of the company's coal production. However, IMH's strategic focus has shifted towards the metallurgical segment, prompting the decision to sell the coal asset.The potential acquisition of the Tikhov coal mine by MMK-Coal highlights the company's intent to strengthen its position in the coal mining sector. With existing coal assets, including the Kostromovskaya and Chertinskaya-Koksovaya deep mines and a washing plant in Belovo, MMK mines approximately 40% of its coal requirements. The addition of the Tikhov mine would enable MMK-Coal to consolidate its operations and potentially optimize investment activities.The outcome of these negotiations will have significant implications for the Russian coal and metallurgical markets. IMH's decision to divest its coal asset aligns with its focus on developing a robust raw material base and implementing innovative and environmentally friendly technologies in the metallurgical sector. The deal is expected to reduce operating costs and optimize investment activity while addressing the group's debt structure.
