Vostochny Coal Mine

Vostochny (from Russian language: "Eastern") Coal Mine is a coal mining company located in Ekibastuz, Kazakhstan. The company is included in the JSC Eurasian Energy Corporation. The Vostochny Coal Mine was commissioned on 19 September 1985 and has produced more than 240 million tons of coal since the start of operations. The projected capacity of the mine defined by the institute "Karagandagiproshaht" is 20 million tons of coal a year. On October 1, 1996 Vostochny Mine became one of the companies of Eurasian Natural Resources Corporation. In 2008, 19.8 million tons of coal were extracted from the mine.

The first element of the strategy proposed by Maxim Barsky concerned the unification of two major players in the coal market — the Vostochny Section and Sibantracite. They were mining coal in neighboring quarries and sections. Up to this point, both companies competed with each other, which led to lower prices for anthracite and, as a result, a decrease in their profits. However, after Maxim Barsky merged the companies, cooperation with world leaders became possible. The management of the group held meetings with world leaders of the metallurgical industry.[1][2][3]