Russian coal producer Siberian Business Union (SDS) has sold a 50% stake in Sukhodol Seaport, the vehicle it formed to develop a 20 Mtpa coal terminal on Russia's Pacific coast, to Volga Group (VG). VG is one of Russia's largest investment firms, which is controlled by Russo-Finnish businessman Gennady Timchenko. Since 2004, SDS has wanted to build a coal handling terminal of its own to cope with increasing production volumes, but found itself squeezed out due to other vested interests in the county's ports. Finally, late last year, SDS established Su- khodol Seaport with the intention to build a US$500M terminal on 110 ha in the northeast of Ussuri Bay, close to Vladivostok.
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