The company will invest approximately RUB17bn ($590m) in this project over the next three years.
The coal mine, which is planned to begin operations by mid-2013, is expected to reach a total production capacity of two million tonnes of raw coking coal per year by the end of 2014.
The company said mine development will begin from the Yerunakovskiy-VIII deposit with the potential for further expansion into the Yerunakovskiy-Vostochnyi deposit.
The estimated reserves of the new areas being developed are in excess of about 85 million tonnes.
The mine construction project involves preliminary and in-seam methane drainage as well as construction of wastewater treatment facilities.
Evraz will also build a new handling capacity at Kazankovskaya railway station and a new local motorway for coal transportation.
