MMK–Coal (part of PJSC Magnitogorsk Iron and Steel Works Group) has completed the acquisition of Tikhov Mine, located in the Leninsk-Kuznetsk district of the Kemerovo Region, from PJSC Koks (part of the IMH Group).
Tikhov Mine launched its operations in 2017 and has a production capacity of about 1.3-1.5 mln tons per year, with plans to expand production to 2.8 mln tons per year. The mine produces 2Zh-grade coal, which has some of the best process specifications among fat coking coal grades.
In addition, the acquisition of the mine will enable MMK-Coal to supply the full capacity of the Belovskaya Central Processing Plant with its own coal feedstocks and to increase its profit margins.
