Russia: SUEK to invest 42 billion rubles in ports

Siberian Coal Energy Company (SUEK) plans to invest about 42 billion rubles in expansion of port capacities and at least 30 billion rubles in buying cargo rail cars, Director for Logistics Denis Ilatovsky reported. The company plans to invest 25-30 billion rubles in expansion of capacities of the Daltransugol terminal to 40 million tons from…

Russia: Chernogorsky pit reaches annual goal ahead of schedule

Chernogorsky pit was the first of SUEK enterprises in the Republic of Khakasia to fulfill its annual target.

Since the start of the year the pit has yielded over 7 million tons of coal.

Investments in 2013-2017 totaled 6.85 billion rubles, and in Q1-Q3 2018 – 1.3 billion rubles. (Ukrainian metal)

Russia: Borodinsky Pit exceeds annual coal output plan

Borodinsky Pit named after Schadov, a subsidiary of SUEK, has reached the annual coal output target in advance.

This year the target was 19 million tons of coal.

Until the end of the year the company plans to mine 2 million tons of coal more. (Ukrainian metal)

Russia: SUEK to construct a mine

The construction of the “7 November-new” mine started in Kemerovo region. The mine will be developing the Sychevskiy-Perspektivniy site deposits. The license for the site was purchased in 2015 to replace the mine named after November 7, which had depleted its resources. The miners have been transferred to the Magistralniy site of the mine named…

Russia: SUEK coal output up in H1 2018

In January-June the enterprises of the Siberian Coal Power Company (SUEK) mined 55.6 million tons of coal, up by 4% YoY. Sales grew by 12%, to 59.9 million tons. Exports increased by 6%, to 28.6 million tons. On the domestic market the sales increased by 18%, to 31.3 million tons. In particular, power-generating enterprises received…

Russia: SUEK coal output up in Q1 2018

In January-March Siberian Coal Energy Company mined 28.6 million tons of coal, up by 1% YoY. Sales in Q1 grew by 10%, to 31.7 million tons, including non-coal goods. Exports reached 14.2 million tons, up by 10%. The main customers were China, South Korea, Japan, Taiwan, the Netherlands, Poland, Spain, Turkey and Germany. Growth of…

Russia: SUEK net profits up in H1 2017

In January-June Siberia Coal and Power Company increased its net profits 3.4-fold YoY, to $322 million. The company earnings went up 1.5-fold, to $2.661 billion. Capital investments totaled $313 million, up 2-fold YoY. EBITDA increased 1.7-fold, to $716 million. Coal mining in 6 months reached 53.6 million tons, up by 1% YoY. Coal sales increased…