Vostochnaya Processing Factory produced around 250 thousand tons of coal concentrate after the modernization completion. This is the record high result in the whole history of the factory. Modernization cost totaled 6 billion tenge. “Our main consumer is, of course, ArcelorMittal Temirtau. But we also supply concentrate to Ukraine (Kriviy Rih) and Russia (Altai-koks and…
The mine named after Kirov has mined 5 million tons of coal since the year started. The mine was put into operation in 1935. At present it mines coal as deep as 480 meters and the length of its mining is over 150 km. Since its opening the mine yielded more than 200 million tons…
Next year Raspadskaya Coal Company plans to start working on a new layer, which will provide coal for mining for 15 years. On October 1, the company increased wages by 4%. And this year it plans to increase salary by 10%. Raspadskaya also plans to expand its coking coal sales, as China has closed a…
One of the main producers of coking coal, the Raspadskaya mine, in Q3 decrease coal output by 7% QoQ, to 2.43 million tons. According to the company statement, its sales dropped by 9% QoQ, to 1.44 million tons. The average price of Raspadskaya coal in Q3 went up by 15% YoY to 3119 rubles per…
Evraz intends to increase coking coal output this year by 8.3% YoY, to 22.1 million tons. Concentrate output is expected to grow from 13.6 million tons in 2015 to 14.2 million tons. And with strong demand Evraz plans to increase output even to 16-16.5 million tons. The group has already increased coal production in January-September…
As of October 1, salary debt to the miners on the temporarily occupied territories stood at 661.1 million UAH. According to the Ministry of energy and coal industry, the debt to state-controlled miners reached 289.3 million UAH. Because of the Russia-supported military conflict in the East, Ukraine is experiencing a significant shortage of coal, in…
Ukraine plans to get loans worth 500 million UAH to develop 8 state mines. “We have determined the 8 mines, in which we will invest. We have also found some loans on 500 million UAH, which will be invested so that coalmining doesn’t go down. For example, these are Yuzhnodonbasskaya No. 1, Yuzhnodonbasskaya No. 3…
The minister of energy and coal industry Igor Nasalik said that the Rotterdam+ formula was not working in Ukraine. “At present coal on the Rotterdam exchange costs around $74 per ton. If we add transport, unloading and the rest, it would be 2.3-2.4 thousand UAH per ton, and not 1.39 thousand UAH, according to the…