Russian coal miner Belon Group has said that it will stop exporting production so that it can increase supplies to its parent company, Magnitogorsk Iron and Steel Works.
Belon has sufficient capacity to meet about 70 percent of Magnitogorsk's annual coking coal requirements.
In 2010, Belon expects to mine 5.11 million tonnes of coking coal and 3.10 million tonnes of steam coal. Belon aims also to increase the coking coal processing volume at its Belovskaya enrichment plant to 6.18 million tonnes this year.
According to Belon's investment program, by 2013 the company's coal output will increase to 9.79 million tonnes, including 6.79 million tonnes of coking coal, while its processing capacity will rise to 7 million tonnes of coking coal per year.
Last year Magnitogorsk Iron and Steel Works, doubled its stake in Belon to 82.6 percent in order to secure stable supplies of coking coal for its steel mill near the Ural mountains.
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