Russia Plans Siberian Investment to Ramp Up Exports of Coal

Bloomberg reported that Russian coal companies are investing in transport infrastructure in Siberia to boost coal exports.

As quoted in the market news:

The 400 kilometer (250 mile) railroad, linking Tyva to the Trans-Siberian railroad as early as 2015, will allow the transportation of coal from the Ulug-Khem basin, which contains 16 billion metric tons of coal reserves, according to data provided by Severstal.

Click here to read the full Bloomberg report.