Tata Power, India intends to invest 750 million in the development of the Krutogorovskoye coal deposit in Kamchatka. Far Eastern Natural Resources LLC, Tata Power daughter company, won a license to develop the deposit in December 2017. The first stage will be carried out until September 2020. Investments will reach 420 million rubles ($6.6 million).…
Estonia-registered NT Marine has received a right to supply over 600 thousand tons of cocking and power-generating coal from Russia to Ukraine in December. This is almost 50% of all imports. In November Kuzbassrazrezugol, Evraz, NLMZ and MMK were allowed to supply coal. Russia supplies some 1.2-1.3 million tons of coal and coke to Ukraine…
A specially created working commission of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan has checked readiness of coalmining enterprises in Naryn region for the heating season. The delegation, led by the Chairman of the State Committee for Industry, Energy and Subsoil Use Emil Osmonbetov, inspected how much coal was mined and…
In January-November Ukraine imported 19.1 million tons of coal, up by 0.04% YoY, valued at $2.59 billion, down by 3.8%. According to the State Fiscal Service, Russia supplied $1.51 billion worth of coal (58.19%), USA – $808.52 million (31.22%), Kazakhstan – $123.07 million (4.75%) and other countries – $151.07 million (5.83%). At the same time,…
Safmar intends to merge two of its coal assets – Kuzbass Fuel Company and Russkiy Ugol. The united asset will mine over 30 million tons of coal per year, with 20 million tons to be exported. Russkiy Ugol assets are situated in Amur and Krasnoyarsk regions, as well as the Republic of Khakasia. They comprise…
A draft law on additional financing of the coal industry in 2019 has been registered in the Ukrainian parliament, according to the Trade Union of Coal Industry Workers of Ukraine. It is noted that considering the situation in the coal industry with the payment of salaries to employees of state mines, the arrears of which…
This year the Ministry of Energy expects to retain the previous year coal output volumes. In particular, until the end of the year it is planned to mine 440 million tons of coal, exporting some 210 million tons. At the same time in November the energy minister Alexander Novak claimed some 445 million tons of…
As of December 2 Solntsevsky Coal Pit has extracted 8.57 million tons of coal. Some 8.7 million tons were exported. This year the enterprise plans to extract 10 million tons of coal. Thus, the target has been 85% reached. Last year Solntsevsky Pit extracted 7.5 million tons of coal and exported 8 million tons. (Ukrainian…