Huafen and Rubicon to invest $270m in Far East open-cast coal mine

Open cast coal mine RussiaFar East open-cast coal mine: China’s Huafen and Russia’s Rubicon are to invest $270 million in a new open pit coal mine in Primorye’s Nadezhda district 134km from the Russian-Chinese border. Huafen is to put up one-third of the required capital which will see the mine reach an annual capacity of 10m tons by 2026.

Source: rbth