One of the main producers of coking coal, the Raspadskaya mine, in Q3 decrease coal output by 7% QoQ, to 2.43 million tons. According to the company statement, its sales dropped by 9% QoQ, to 1.44 million tons. The average price of Raspadskaya coal in Q3 went up by 15% YoY to 3119 rubles per…
Evraz intends to increase coking coal output this year by 8.3% YoY, to 22.1 million tons. Concentrate output is expected to grow from 13.6 million tons in 2015 to 14.2 million tons. And with strong demand Evraz plans to increase output even to 16-16.5 million tons. The group has already increased coal production in January-September…
As of October 1, salary debt to the miners on the temporarily occupied territories stood at 661.1 million UAH. According to the Ministry of energy and coal industry, the debt to state-controlled miners reached 289.3 million UAH. Because of the Russia-supported military conflict in the East, Ukraine is experiencing a significant shortage of coal, in…
Ukraine plans to get loans worth 500 million UAH to develop 8 state mines. “We have determined the 8 mines, in which we will invest. We have also found some loans on 500 million UAH, which will be invested so that coalmining doesn’t go down. For example, these are Yuzhnodonbasskaya No. 1, Yuzhnodonbasskaya No. 3…
The minister of energy and coal industry Igor Nasalik said that the Rotterdam+ formula was not working in Ukraine. “At present coal on the Rotterdam exchange costs around $74 per ton. If we add transport, unloading and the rest, it would be 2.3-2.4 thousand UAH per ton, and not 1.39 thousand UAH, according to the…
Vorgashorskaya mine of Vorkutaugol has put a new long face into operation. The mine plans to extract 2.4 million tons of coal there, at 9.7 thousand tons per day, or 280 thousand tons per month. (Ukrainian metal)
In January-September Kuzbassrazrezugol mined 33.3 million tons of coal (including over 4.6 million tons of coking coal), up by 0.5 million tons YoY. Consumers received 29.4 million tons of coal, with exports on the level of 21.6 million tons. Local market received 7.8 million tons. Kuzbassrazrezugol processing factories have processed 29.2 million tons of coal,…
According to the Psychea scientific center director Gennady Ryabtsev, Ukraine might face the necessity to buy coal from the Russia-supported terrorist organizations of the so-called Donetsk and Lugansk People’s Republics, if it fails to create sufficient stocks. “Here everything is simple. If all has been though over and the stock have been formed, than there…
