In 2017 the Ministry of energy and coal industry has shut down 5 profitless state mines. “If the reform is completely carried out, we will have no profitless mines. This year we have shut down 5 mines, which have been closing down since 1992. They were just eating up budget money”, the minister of energy…
FINR, a subsidiary of Indian Tata Power, has won an auction for a 25-year license for the Krutogorovsky coalfield in Russia’s easternmost Kamchatka region with a 264.8 million-ruble bid, the regional government said on December 22. The field’s reserves are estimated at 300 million tons of coal. (Prime/Ukrainian metal)
Taldinsky coal pit, a part of Kuzbassrazrezugol, has commissioned a new Uralmashzavod excavator. This is the fourth 19-cubic meter Uralmashzavod excavator in the company fleet. The first excavator of the series has been operating for 6 years and so far has dug 32 million cubic meters. This year Kuzbassrazrezugol is expected to spend 11 billion…
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 24 million tons of coal this year. The milestone ton was loaded on December 18 onto the Panamax bulk carrier Orange Harmony, the 332nd vessel handled from the year beginning…
Krasnoyarsk region assets of Russky Ugol have fulfilled the 2017 plan of coal mining in advance, having mined over 6 million tons of coal. On December 12 Sayano-Partizansky pit mined 806 thousand tons of coal, stipulated in the plan. On December 15 the Pereyaslovsky pit yielded 5.22 million tons of coal. The Ministry of Energy…
The governor of Kuzbass Aman Tuleyev wants to limit granting of coal licenses in the region and decrease output to 200 million tons. Officially, to decrease damages to the environment. This year 5 auctions for coal development have been cancelled. The existing mines provide enough coal. Over 100 coal companies operate in the region, including…
Ukraine in January-November increased coal imports in monetary terms 1.87-fold YoY, to $2.431 billion, according to the State Fiscal Service of Ukraine. Russia remained the major supplier of coal over the period under review, accounting for 56.4% of total supplies worth $1.37 billion, the report said. It is followed by the United States (24.8%, $603.8…
In November Russia supplied some 280 thousand tons of coal illegally taken from the occupied Donetsk and Lugansk regions of Ukraine to Europe, up by 18.6% MoM, or by 44 thousand tons. The largest exporters of Donbass coal are companies, controlled to the fugitive Ukrainian businessman Sergey Kurchenko. In particular, in October his two companies…
