Bogatyr Access Komir
Encyclopedia
Bogatyr Access Komir is the largest coal mining group in Kazakhstan
. With a production of 42 million tonnes of coal
in 2008, it had a share of circa 40 % of the country's coal output (totalling 105 million tons in 2008).
In 1985 the Bogatyr Mine produced 56.8 million tonnes of coal
thus entering the Guinness Book of World Records for being the world's largest single coal
mine
. In 2007, the production of the mine was about 40 million tons of coal. Together with the neighbouring Severnyi mine, the oldest mine in the Ekibastuz coal basin (Pavlodar province), they hold reserves estimated at 4.5 billion ton of coal, which at the current production rate give them a residual lifetime of over 100 years.
The Bogatyr and Severnyi mines are operated by the Russian company United Company RUSAL
, who acquired the open-cast coal mines from Access Industries
(from USA).
On November 29, 2007, a joint venture was established between UC RUSAL and Samruk-Energo (the energy branch of Kazakh state holding Samruk Holding), to operate the coal mines of BAK .
The rationale for this deal was the intention of the Kazakh government to return coal reserves into state ownership due to their strategic importance for Kazakhstan's electric power sector.
On April 16, 2008 it was announced that the price Samruk Energo had to pay to UC RUSAL for a 50-% stake was 345 million USD.
Kazakhstan
Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...
. With a production of 42 million tonnes of coal
Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
in 2008, it had a share of circa 40 % of the country's coal output (totalling 105 million tons in 2008).
In 1985 the Bogatyr Mine produced 56.8 million tonnes of coal
Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
thus entering the Guinness Book of World Records for being the world's largest single coal
Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
mine
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
. In 2007, the production of the mine was about 40 million tons of coal. Together with the neighbouring Severnyi mine, the oldest mine in the Ekibastuz coal basin (Pavlodar province), they hold reserves estimated at 4.5 billion ton of coal, which at the current production rate give them a residual lifetime of over 100 years.
The Bogatyr and Severnyi mines are operated by the Russian company United Company RUSAL
United Company RUSAL
United Company RUSAL is the world's largest aluminium company, with headquarters in Moscow, Russian Federation. UC RUSAL accounts for almost 11% of the world's primary aluminium output and 13% of the world’s alumina production. The United Company was formed by the merger of RUSAL , SUAL, and the...
, who acquired the open-cast coal mines from Access Industries
Access Industries
Access Industries is a privately held, U.S.-based industrial group founded in 1986 by its chairman, Len Blavatnik. Access’s industrial focus spans three sectors: natural resource and chemicals; media and telecommunications; and real estate...
(from USA).
On November 29, 2007, a joint venture was established between UC RUSAL and Samruk-Energo (the energy branch of Kazakh state holding Samruk Holding), to operate the coal mines of BAK .
The rationale for this deal was the intention of the Kazakh government to return coal reserves into state ownership due to their strategic importance for Kazakhstan's electric power sector.
On April 16, 2008 it was announced that the price Samruk Energo had to pay to UC RUSAL for a 50-% stake was 345 million USD.