Russian Sibanthracite Group is looking to replace Australian coal as it boosts its export infrastructure to meet growing coal demand in Asia, an executive said Friday. That came as the world’s largest anthracite coal exporter finalized details to construct a new 15-km Severomuysky-2 railway tunnel withUS-based builder The Robbins Company. It will be the second tunnel on the 4,264 km-long Baikal-Amur Mainline (BAM) railway, which travels from Taishet in eastern Siberia to Vanino in Russian Far East where it links to the Asian markets. “Asia is our key market and we see a steady increase in demand for Russian metallurgical coals and anthracite to replace Australia’s coals,” Cory Bougoure, CEO of Sibanthracite Overseas Pte, told S&P Global Platts. “We should also take into account the logistic proximity of Russia [to Asia] as […]