Yury Kocherinskiy, President of Taltek ZAO, and Valentin Mazikin, first Vice-governor of Kemerovo Region, signed an annual economic and social cooperation agreement on 26 January, 2012.

Taltek ZAO increased coal production by a quarter in 2011, up by 470 000 tons on a year earlier. The investment was doubled to 669 mln rubles.

This year the company is planning to invest 300 mln rubles in production development, to raise wages by 15% and to invest up to 9,5 mln rubles in the improving of safe working conditions.

In his interview to Kuzbas television Yury Kocherinsky, the Chairman of the board of directors of the Group of companies Taltek, said: “Last year we invested considerable funds – about $10 per ton of coal. Such performance will certainly ensure the further growth. The investment in production development, ensuring safe working conditions and fair wage are fully justified. We do not intend to stop at what has been accomplished”.

“Our company strives for steady progress, and it is impossible to achieve it without regular and balanced investment. Cooperation with Kemerovo Region Administration is a way not only to reach strong performance, but also to contribute to the development of coal-mining industry”, he added.

This year Taltek ZAO is going to spend about 10 mln rubles for employees’ and retirees’ needs in order to increase their social security benefits.

Implementation of the social programmes proposed by Kemerovo Region Administration requires investing up to 11,7 mln rubles where 2 mln rubles will be assigned to orphaned children’s needs.

Taltek ZAO will allocate 69 mln rubles for implementation of National Projects and Government programmes in the sphere of house building in Kemerovo Region.

Taltek ZAO

Press service