Russia intends to attract China to develop Far East Coalfield
Russian Energy Minister Novak said on the 3rd that Russia plans to jointly develop three coal fields in Russia’s Far East region with China.
The Russian Federation Government held a special meeting on the coal industry that day, and Novak reported on the development plan of the government’s coal sector. According to the plan, Russia and China will jointly develop three Russian coal fields in the Far East, two of which are in the Amur region and one in the post-Baikal Krai. The three coal fields are close to China's Heilongjiang Province.
Novak said that the large-scale migration of the coal industry center to eastern Siberia and the Far East is the main feature of the government’s new coal development plan. These three mining projects will be used to supply electricity to China. Given that the project is closer to China, project profitability is expected to be high.
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