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SDS-Ugol to Build Port

Coal producer SDS-Ugol will start building a seaport outside Murmansk next year to export up to 18 million tons annually, the company said in a statement late Friday.

The company said it had agreed with the local government that customs and border control terminals at the site would be operational by 2015.

It will also build a power station near the site.

SDS-Ugol, part of the Sibirsky Delovoi Soyuz holding company, increased coal production by 25.8 percent to 11.7 million tons in the first six months of 2012, up from 9.3 million tons during the same period a year ago.

(Reuters)

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