About 20 companies lost their licenses to develop deposits. The decision was made by the State Committee of Industry, Energy and Subsoil Use. The licensing commission suspended the development of four coal deposits: Kok-Yangak, Kozhokelen (the section of Torpu), Suluktinskoye, and Turuk. “United Coal Company” lost two licenses for Karatutskoye field. “Altyn-Beshikkomur” LLC was deprived…
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 7 million tons of coal this year as of May 2. According to the company, the terminal’s throughput surged by 39% YoY. The milestone ton was loaded onto…
State enterprises from Donetsk and Lugansk regions will head the list of the most profitless coal companies in 2017. Toretskugol with the coal prime cost of 5804 UAH per ton and Pervomayskugol (4250 UAH per ton) will get the most losses this year. The reason for this is ineffective management and non-transparent operation of the…
In January-March enterprises of Kuzbassrazrezugol, a part of UMMC, mined 10.8 million tons of coal, including 1.5 million tons of coking coal, up by 300 thousand tons YoY. The group sold 10 million tons of coal, up by 500 thousand tons YoY, with 2.9 million tons delivered to the local consumers and 7.1 million tons…
The Cabinet of Ministers is carrying out a number of projects to decrease coal consumption. According to the Prime Minister Vladimir Groysman, the construction of the electricity line from Rovenskaya NPP to Kievskaya substation will allow saving some 1.44 million tons of coal per year. Reconstruction of Dnestr HNPP will yield the economy of 700…
In March Ukraine consumed 2.86 million tons of coal, down by 37.7% YoY and by 26.1% MoM. According to the State Statistics Service, last year coal consumption increased by 9.4%, to 31.3 million tons. (Ukrainian metal)
Sakhnakhshiri LLC (GIG Group, Tbilisi, Georgia) has won a tender of the public joint-stock company Centrenergo to supply 700,000 tons of coal, according to the results of an auction held in the ProZorro procurement system. Sakhnakhshiri offered to supply coal for UAH 1,808,789,000, while the second bidder – I–COAL Sp z o.o. (Poland) – offered…
Deputy economy minister Sergey Nazarov declared that Russia needed no coal from the Donetsk and Lugansk regions, occupied by the militants. “Each month we supply some 1 million tons of coal to Ukraine. But we only deliver coking coal, not power-generating coal”, he added. Nazarov also noted that there were no coal deliveries from the…