Russia: PMH puts 2 new mines into operation

The Industrial-Metallurgical Holding has put into operation two new mines in Kemerovo region: the second stage of Butovskaya mine and the mine named after Tikhov. Investments into construction of Tikhov mine totaled 12,5 billion rubles. The project capacity of the first stage is 1.8 million tons. This year 1 million tons of coking coal will…

Ukraine: coal mining down in H1 2017

In January-June Ukraine mined 18.435 million tons of coal, down by 2.9% YoY, or by 556.8 thousand tons. According to the Ministry of energy and coal industry, coking coal output dropped by 24.7%, or by 1.11 million tons, to 3.387 million tons, while that of power-generating coal increased by 3.8%, or by 555.4 thousand tons,…

Ukraine: Kiev research works Ugol owner changed

In June the public joint stock company “Kiev research works Ugol” changed hands. Revenco Limited (Cyprus) and an individual sold 42% and 37% of the works shares to a number of legal entities, among which is Andilero Holdings Ltd (Cyprus) and Vtorpolymery LLC (Kiev). Ugol, despite its name (which means coal) has been away from…