The minister of energy and coal industry Igor Nasalik is personally responsible for the situation in the state coal industry, the Prime Minister Vladimir Groysman declared. “The situation in the industry is unsatisfactory. The minister has been told many times to start restructuring and modernizing mines, as well as increasing coal output”, he said. “I…
This year UAH 3 billion will be allocated from the state budget to cover the difference in cost and market price of coal, Prime Minister of Ukraine Volodymyr Groysman said during an Hour of Questions to the Government. “The state of affairs in the coal sector is very poor, and this isn’t good for the…
Russia’s metals and mining group Mechel has prolonged an agreement to deliver up to 700,000 tons of premium quality coking coal to China’s Baosteel Resources until July 2019, it said in a statement on July 4. Yakutugol subsidiary will ship up to 40,000 tons every month. The price will be set monthly. CEO Oleg Kirzhov…
In June Ukraine’s coal mining enterprises of all forms of ownership extracted 2.55 million tons of coal, down by 5.8% from the planned targets, the Trade Union of Coal Mining Industry of Ukraine informed with reference to the Ministry of Energy and Coal Industry of Ukraine. “In June the coal mining enterprises of Ukraine of…
Since the start of the year the Aleksievskaya mine has extracted 1 million tons of coal from the new long face, commissioned in January. The reserves of the mine are 53 million tons. The mine intends to construct the first stage of purification and treatment facilities and improve exhaust system. This year Aleksievskaya plans to…
In January-May the coal enterprises of the Republic of Sakha (Yakutia) mined 8.46 million tons of coal, up by 4% YoY. At the same time the target was 9.09 million tons. This year Yakutia intends to mine 18 million tons of coal. (Ukrainian metal)
Rosterminalugol, the largest specialized coal terminal in the European part of Russia, has handled 11 million tons of coal since the beginning of the year. The 11-millionth ton was loaded onto the Miho Pracat. The 149th vessel since the start of the year is bound for India. Last year the 11-millionth ton was loaded on…
Mechel and Gazprombank are negotiating the attraction of investors to the Elginskoye deposits (Elga), but do not expect to find any this year. The share of Mechel in the project is 51%, and Gazprombank – 49%. Main negotiations are carried out with companies interested in supplying coal to their enterprises in South-East Asia. (Ukrainian metal)