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Coeclerici goes Russian

As speculated in the May/June 2002 issue of Bulk Materials International (p8), Italy-based bulk trading and handling group Coeclerici is to make major investments in the Russian coal industry. Coeclerici Carbometal has signed an agreement worth US$10m, understood to be the biggest western investment in the sector to date.
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The project, supported by the EU under its Russia Energy Partnership programme, centres on the new Kotinskaya mine in theKuzbas region, which is due to start producing coal for export from July next year with an initial capacity of 1 mta, rising ultimately to 3 mta.
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