KRU OVERSEAS LTD is proud to announce that the parent company and the major coal producer JSC “Coal Company “Kuzbassrazrezugol”” has expanded its investment plan for 2021 and intends to allocate almost 26 billion Russian rubles for the development of its production (that is round USD 364 mln, 71.4876 rubles – 1 USD). This is the largest volume of annual investments in the history of the company.
Our parent company JSC “Coal Company “Kuzbassrazrezugol”” decided to increase the cost of purchasing the main mining equipment in twice: from 7.5 billion Russian rubles to 15.2 billion Russian rubles. Also the investment plan was expanded with two more large-scale modernization programs: auxiliary technological equipment and non-technological vehicles.
In total, JSC “Coal Company “Kuzbassrazrezugol”” plans to allocate 25.8 billion Russian rubles for the development of production in 2021.
The announcement of the parent company JSC “Coal Company “Kuzbassrazrezugol”” can be found with this link:
УК «Кузбассразрезуголь» осваивает рекордные инвестиции в производство (kru.ru)