Russian Railways to build USD 1.7 billion coal line in Indonesia

Thursday, 09 Feb 2012

It is reported that Russia's state railway company Russian Railways intends to build a train link to transport coal in Indonesia's East Kalimantan province on Borneo.

Mr Andrey Shigaev project director of Russian Railways said that the project will be financed by private investors and Russian state development bank Vnesheconombank.

Mr Awang Faroek governor of East Kalimantan said that "The first stage of the railway will be meant for coal, but hopefully we can also use it for crude palm oil plantation harvests, rubber and people."

It is expected that the first phase, covering 185 kilometers of track, will cost around USD 1.7 billion and is scheduled to enter service in the first quarter of 2017, bringing 20 million tonnes of capacity online in the first year.

A further 60 kilometers will be added as a second stage, representing an investment of USD 0.7 billion.

(sourced www.ifandp.com)

Russian Railways: Steel product shipments up 11.2 percent in January

Monday, 07 February 2011 11:56:42 (GMT+2)
According to the preliminary data issued by Russian Railways (RZhD), in January 2011 steel product shipments on Russia's railways increased by 11.2 percent to 6.3 million mt, shipments of iron ore and manganese ore went up by 11 percent to 8.6 million mt, while shipments of coke went up by 10.7 percent to 10.5 million mt, all compared to January 2010. In January 2011, total shipments on Russia's railways increased by 10.6 percent year on year to 97 million mt.
Tags: iron ore , raw mat , Russia , CIS , steelmaking , trading
(sourced:steelorbis)