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EMCO and Marubeni sign coal logistics MoU

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Dry Bulk,

Japanese diversified company Marubeni Corporation and The East Mining Company – one of the Russian leaders in the export of energy brands of coal to the Southeast Asian countries – have signed a Memorandum of Understanding in the field of engineering and design co-operation. The signing happened in the framework of the Eastern Economic Forum-2018, which takes place from 11 to 13 September in Vladivostok.

On behalf of the The East Mining Company, the Chairman of the Board of Directors Oleg Misevra, from the side of Marubeni Corporation - Chief Operating Director of the Industrial Equipment Division Eiji Okada, signed the agreement. The bilateral agreement is designed to formalise the intentions of the parties on co-operation in the field of technical and technological development of the loading and storage infrastructure of the main logistics hub VGK - Coal Port Shakhtersk.

"I am confident that our partnership has great prospects. We set before the port an ambitious task to increase the volume of coal shipment, and Japanese colleagues have considerable expertise in the design and technical implementation of such projects," said Misevra.

The investment programme of the The East Mining Company is designed for the period until 2022. It implies a comprehensive development of production capacity, aimed at increasing annual production and shipping up to 20 million t. According to the results of 2018, the company expects to double production: from 4 million - 8 million t.

Marubeni Corporation has extensive experience in the planning, production and supply of the entire warehouse complex, as well as loading equipment for ports. By the present moment the company has implemented a number of large-scale projects in the leading ports of the world, including in Russia.

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