ICT Holding increased its stake in East Mining Company to 45%

06.12.2018 |

ICT Holding Ltd. (ICT) has increased its stake in thermal coal mining company EMCO Ltd. up to 45%.

EMCO consolidates coal assets located on the Russian coast of the Pacific Ocean and exports steam coal to countries in the Asia-Pacific region. The company is the biggest producer of the steam coal in Sakhalin, it expects the increase of annual output of extraction and shipping of coal to 7.5 mln tonnes in 2018 comparing to 4 mln tonnes in 2017.

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