In 2016-2019 coal mines decreased output more than 2-fold, while grants for each ton of coal grew almost 3.7-fold. “State mines decreased coal output from 6.7 million tons in 2016 to 3.5 million tons in 2019. At the same time grants went up from 246 UAH per ton to 908 UAH”, the press-service of the…
Luchegorsky Coal Pit (LUR), developing the Bikinskoye coal deposit in Primorye region, in 2019 extracted 4.395 million tons of coal, down by 14% YoY. The company employed two contractors – SK-Universal LLC and Petrotrade-M LLC. LUR extracted 3.213 million tons of coal, Petrotrade-M – 391 thousand tons and SK-Universal – 790 thousand tons. The decrease…
In February, Ukraine produced over 2.55 million tons of coal, down by 0.2% from the target. The Coal Miners Union of Ukraine reported this with a reference to the data provided by the Energy and Coal Industry Ministry. Since the start of the year, coalmining enterprises of all forms of ownership have produced 5,204,410 tons…
The net loss of Tigers Realm Coal (TIG), developing the Fandyushkinskoye coal deposit in Chukotka, in 2019 amounted to 18.8 million Australian dollars. In 2018 the group received a profit of 10.9 million. The decrease is due to a 27% growth in the cost of FOB shipments, royalty payments and other factors. Revenue dropped by…
Russia is the world’s third largest coal exporter after Indonesia and Australia with a share of 15%, Energy Minister Alexander Novak said on February 27. “The exports are very important and have doubled since 2011. Russia occupies the third position in the world after Indonesia and Australia by coal exports. We hold a 15% share…
In January Ukraine consumed 3.42 million tons of coal, up by 6.3% MoM, but down by 24.2% YoY. According to the State Tax Service, coal imports dropped by 8.4% YoY, to 1.63 million tons. (Ukrainian metal)
In 2019 Kirovsky Coal Pit, developing the Kirovskoye deposit in the Republic of Sakha (Yakutia), extracted 24.2 thousand tons of coal, down by 8% YoY. This year some 18-20 thousand tons will be mined. As of January 31, the company has already extracted 4.6 thousand tons of coal. Last year Kirovsky Coal Pit sold 27.7…
In 2019 coal output in Buryatia increased by 35.4% YoY, to 7.161 million tons. Nikolskoye coal deposit, developed by Razrez Tugnuiskiy, accounted for the largest volumes. The company extracted 4.332 million tons of coal, up by 89%. Until 2021 the company intends to start mining 16 to 18 million tons of coal per year due…