Korchakolsky Coal Mine

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Korchakolsky Coal Mine (Корчакольский разрез) is an operating coal mine in Malinovka, Novokuznetsky, Kemerovo, Russia.

Location

Table 1: Project-level location details

Mine Name	Location	Coordinates (WGS 84)
Korchakolsky Coal Mine	Malinovka, Novokuznetsky, Kemerovo, Russia	53.4346504932073, 87.2386783436282 (exact)

The map below shows the exact location of the coal mine:

Loading map...

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Project Details

Table 2: Project status

Status	Status Detail	Opening Year	Closing Year
Operating	–	2004	–

Table 3: Operation details

Note: The asterisk (*) signifies that the value is a GEM estimated figure.

Capacity (Mtpa)	Production (Mtpa)	Year of Production	Mine Type	Mining Method	Mine Size (km2)	Mine Depth (m)	Workforce Size
1.7	1.328	2022	Surface	Open Pit	–	60*	670

Table 4: Coal resources and destination

Total Reserves (Mt)	Year of Total Reserves Recorded	Total Resources (Mt)	Coalfield	Coal Type	Coal Grade	Primary Consumer/ Destination
–	–	–	–	Bituminous	Met	–

Table 5: Ownership and parent company

Owner	Parent Company	Headquarters
Kuznetskinveststroy JSC	Coeclerici Group	Italy

Table 6: Historical production (unit: million tonnes per annum)

ROM or Saleable	2017	2018	2019	2020	2021	2022	2023
Saleable	–	–	1.652	1.629	1.673	1.33	–

Expansion/Extension

Table 6: Project status

* Added capacity of a coal mine refers to the enhancement in the mine's production capabilities beyond its initial production capacity.

Status	Status Detail	Project Type	Project Phase	Added Capacity (Mtpa)*	Start Year
Proposed	Announced	Expansion	–	0.8	2025

Note: The above section was automatically generated and is based on data from the Global Coal Mine Tracker April 2024 release and the September and December supplements.

Background

Korchakolsky Coal Mine (Корчакольский разрез) is a surface mine in Malinovka, Novokuznetsky District, Kemerovo, Russia. Korchakolsky coal mine is owned and operated by Kuznetskinveststroy JSC, which is ultimately owned by the Italian Coeclerici Group. In 2002 and 2003, Coeclerici invested approximately USD 18 million to develop the mine as it acquired the right to sell produced coal on the international market.  In 2008, Coeclerici purchased 100% of Kuznetskinveststroy. It was the first investment by a foreign investor in a Russian coal mine.

Kuznetskinveststroy conducts mining operations at the Korchakolsky and Korchakolsky Gluboky subsoil areas located near Kaltan. More than 90% of the coal is exported, according to Kuznetskiveststroy website.

The Italian group reported that in 2022 it 'ceased to carry out all management and coordination activities relating to this company', although the mine continues to operate under the local management. The company has to find alternative financing sources for the implementation of the investment projects such as loans from Russian banks or involvement of a Russian investor.

As of September 2023, it appeared that the company's capacity has increased compared with the previous year: the company's website retrieved in September 2022 referred to production capacity of 1.4 Mt while indicated capacity was 1.7 Mt as of September 2023. The website also stated the company's expansion plan to increase production up to 2.5 Mt by 2025.

However, 2023 production was lower than historical at 1.094 Mt, and the company's annual report referred to the plan to produce 1.5Mt in 2024.

Project Expansion Details

• Status: Proposed
• Capacity: 0.8 Mt up to 2.5Mt
• Start Year: 2025

Articles and Resources

Additional data

To access additional data, including an interactive map of world coal mines, a downloadable dataset, and summary data, please visit the Global Coal Mine Tracker on the Global Energy Monitor website.