U.K.-based mining giant Evraz, which operates mainly in Russia, plans to raise coal output by 8% to 22.1 million tons and raise sales in Ukraine by 24% to 2.1 million tons in 2016.
“Evraz significantly increased supplies to the Ukrainian market over the last three years, reaching a 16% market share in 2016. By using a proactive sales approach over the next several years (3–5 years), Evraz plans to reach a sales volume of 3 million tons annually and to receive 20% of the market”, the company said.
It also said that the Ukrainian coking coal market demonstrated a high return on investment. An average EBITDA margin stood at $27 per ton in 2016.
Evraz also plans to produce 14.2 million tons of coal concentrate in 2016, raising the output from 13.601 million tons in 2015. (Prime/Ukrainian metal)
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