Russian Railways has agreed with Kazakhstan on a 65% discount on Russian coal transit to China, Deputy CEO Alexei Shilo has said at a briefing. “Since we cannot move from Kuzbass to the East via Mariinsk–Mezhdurechensk with the amount that the cargo consignors want, we have offered: let’s see how to go to Kazakhstan and…
The World Bank intends to support the mitigation of social and environmental impacts of the coal industry restructuring in Ukraine, according to the Ministry of Energy and Environmental Protection. “The World Bank, with the support of the European Commission and other international financial institutions, intends to support the mitigation of social and environmental impacts as…
The Yuzhniy Sea Trade Port has started designing a complex to transport coking and power-generating coal. The construction is envisioned in the company reconstruction program. 5.5 million UAH will be invested in the design work. At present the port processes some 2.6 million tons of imported cargo. The new complex will allow it increasing processing…
A-Property, a company of co-founder of the Russian telecom operator Yota Albert Avdolyan, has asked the Federal Antimonopoly Service to approve an acquisition of 100% in the Elga coalfield from Gazprombank and metals and mining group Mechel. The request says that the combined value of A-Property’s assets exceeds 7 billion rubles, while the value of…
Sibantrazit has improved the operation of its processing factories in Novosibirsk region, where Sibirskiy Antrazit and Razrez Vostochniy operate. Since August 2019, the output of Ultra High Grade concentrate has grown from 19% to 25.2%. The company intends to retain this level in 2020. Sibantrazit is the leading manufacturer and exporter of UHG in the…
Gazprombank is interested in selling its 49% stake in the Elga coalfield to A-Property, a company of co-founder of telecom operator Yota Albert Avdolyan, Gazprombank’s press secretary Anton Trifonov reported on January 28. On January 27, a source said that A-Property asked the Federal Antimonopoly Service to approve an acquisition of 100% in the Elga…
In 2019 Sakhalin increased coal output by 10.2% YoY, to 11.9 million tons. The annual target – 11.4 million tons – was exceeded by 4.2%. The Eastern Mining Company LLC provided the most coal volumes – 10 million tons. Sales outside the region totaled 11.5 million tons, including 126 thousand tons to the other Russian…
In 2019 Tigers Realm Coal Ltd (TIG) developing the Fandyushinskoye coal deposit in Chukotka extracted 650 thousand tons, up by 30.2% YoY. The growth is explained with the commission of new mining machinery. Out of the total volume 581 thousand tons of coal were exported, up by 47.7%. Early in 2019 the company intended to…
