Arctic Portal News Arctic Portal News Russia boost coal production
| Russia boost coal production |
| Friday, 27 January 2012 08:35 | |||||
 Coal site in Barentsburg, Svalbard (Photo: GettyImages)Russia will increase its coal producuction significantly over the next years. Russia produces around 330 million tons of coal each year but it will be increased to 440 million tons.A new development program was introduced by Prime minister Vladimir Putin yesterday. He said that 3,7 trillion rubles will be spent on the program, over the next 18 years. Most of the money will be spent on investment in private companies. Putin also said that infrastructure of transportation of coal needed to be looked at closely. Russia is the 6ths largest coal producer in the world, producing around 5% of the worlds production. More than one third of it is exported. Coal production sites in Kusbass will be strenthened, as well as in Vorkuta.
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