Russia: SUEK buys JOY anchoring for Kirov mine

The mine named after Kirov, a part of SUEK-Kuzbass, has received 203 sections of JOY 13/26 mechanized anchoring. The cost of the contract is over EUR 38 million. The mine uses two mechanized complexes. One of them, consisting of 175 sections of FRS-Glinik-12/26 anchoring, was commissioned in 2018. The second – JOY – has been…

Russia: SUEK IFRS net profit down in 2019

The net profit of Siberian Coal Energy Company (SUEK) plunged by 39.3% YoY, to $706 million in 2019, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 9%, to $7.547 billion mainly due to contraction of global coal prices. Revenue from exports of coal went down by 15%, to $4.877 billion, with international…


Russia: SUEK pit fulfills annual output plan

Berezovsky Pit, a part of SUEK, has fulfilled its coal output plan for 2019 (4.8 million tons) in advance. This is SUEK’s youngest enterprise in Krasnoyarsk region. This year the pit has finished constructing a deep-processing complex with the capacity of 30 thousand tons of coal per year. Investments in the project exceeded 1 billion…

Russia: SUEK pit fulfills output plan in advance

The Kharanorsky Pit, one of the largest SUEK enterprises in Zabaikalye region, has fulfilled its annual output plan in advance, having extracted 3.842 million tons of coal. The overall regional target for SUEK was 5.74 million tons of coal and 29.73 million tons of excavated rock. The excavation plan has also been fulfilled in advance…

Russia: SUEK to offer 10 billion ruble bonds

Siberian Coal Energy Company (SUEK) plans to accept bids for at least 10 billion rubles of 10-year exchange bonds on October 11, a banking source reported. The first coupon guidance is set at 7.4-7.5% annually, which corresponds to a 7.54-7.64% annual yield to 4-year put. The issue carries semiannual coupons. The technical placement is scheduled…