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TransFin-M Leasing Company Invests over RUB 3.3 billion into Sakhalin Project

12 March 2020
TransFin-M Leasing Company invested over RUB 3.3 billion in the development of the Sakhalin economy, by launching TFM-Vostok LLC, a new business unit providing rock excavation and transportation services in the Far Eastern Federal District. TFM-Vostok LLC has been granted a resident status at the Vladivostok Free Port economic zone. Works are underway at the Solntsevsky coal mine in the Uglegorsky district (the largest open-pit mine in the region, with proven reserves of over 300 million tons) under a five-year excavation and rock transportation contract concluded with the East Mining Company, the mine owner.  The investment will allow TFM Group to develop and strengthen its operations, diversify its business and reduce logistics costs.

The Sakhalin facility operates 18 special-purpose vehicles, including 14 BelAZ dump trucks with a carrying capacity of 220 tons each, two Komatsu PC4000 excavators, two Komatsu bulldozers, and various auxiliary equipment. The works involve more than 130 staff.

The Russian Government encourages investment in the Far Eastern Federal District. TFM-Vostok will be the conduit for TFM Group’s investments in the economic development of the District. We intend to expand our activities and become a participant in the state program for social and economic development in the region. The Sakhalin project seems to have a great potential, given the proven reserves of the Solntsevsky Mine and its rapid exploration; the project team have an extensive track record and in-depth industry competencies, says Maxim Anishchenkov, Director General, TransFin-M.
TransFin-M PC has extensive expertise in the Russian coal industry; the company opened a dedicated business unit and has been providing coal mining and transportation services at the largest coal mines in the Kuzbass region since 2016. In 2018 the company signed a contract to purchase equipment that would subsequently be leased to the Kolmar coal mining holding company in Yakutia. Kolmar consists of coal mining, production, trading and logistics companies that provide full range of services related to mining, refining and shipping high-quality coking and steam coal mined at various deposits in the Neryungri region of Yakutia.
TransFin-M Leasing Company Invests over RUB 3.3 billion into Sakhalin Project
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