The Ministry of energy and coal industry has developed a program that presupposes the reforming of the state coal industry until 2020 valued at 25.28 billion UAH. Of this sum 10.57 billion UAH will be provided from the state budget. Direct investments to cover differences between the prime cost of coal and sale price at…
The Ministry of energy and coal industry acknowledges the debt of 355 million UAH to the state miners. “Today the salary debt amounts to 355 million UAH, that’s slightly more than the monthly salary fund”, said the ministry head Igor Nasalik. In August around 400 million UAH was spent on clearing salary debts, he added.…
Russia’s revenue from coal exports fell by 18% YoY to $4.55 billion in January-July, according to the Federal Customs Service. In physical terms, Russia’s coal exports increased by 8.3% to 89.97 million tons. Coal exports to non-CIS countries rose by 9.1% to 84.34 million tons worth $4.21 billion, a 17.6% fall in monetary terms. Coal…
In January-August Ukraine imported 5.2 million tons of cocking coal from Russia, up by 62% YoY. This equals 66.5% of all the coking coal imported. According to Ukrkoks general director Anatoly Starovoit, Russian coal is highly important for Ukraine. In 8 months Ukraine mined 4 million tons of coking coal and imported 7.8 million tons.…
In January-August power-generating companies of Ukraine imported $1.21 billion worth of coal, down by $902.2 million YoY. According to the State Fiscal Service, the largest suppliers of coal were Russia ($594.9 million), USA ($132.7 million) and Australia ($49.5 million). Earlier energy minister Igor Nasalik claimed Russian coal was not a priority for the ministry. (Ukrainian…
The minister of energy and coal industry Igor Nasalik has not cleared all the salary debts to state miners by the Miners’ Day. He promised to do this in mid-July. As of August 31, the employees of at least one mine haven’t received their salary, those of Novovolynskaya No. 10, who have blocked the road.…
Russian businessman Alexander Shchukin, a co-owner of holding Sibuglemet, has received controlling stakes in coal company Zarechnaya and the Yurginsky machinery plant, according to the Governor of the Kemerovo region Aman Tuleyev. Zarechnaya was established by Ukrainian businessman Viktor Nusenkis. The assets comprise four mines, an ore dressing plant, a trading unit, and a 50%…
The state mines are in a very difficult situation. First of all they can’t prepare mine takes. Second, miners don’t get their wages in time, and the debts continue to increase. Finally, there are issues with labor safety. In 2015 there were 2 fatal accidents, as opposed to 9 in H1 2016. Coal output decreases,…