The Ministry of energy and coal industry will find financial resources – some 1 billion UAH – to pay salary to miners and clear 2017 debts. According to the miners union, the primary goal of the ministry and the government is to pay salary to miners in full, as well as clear all the debts…
Beringpromugol LLC intends to have increased coal mining at the Fandyushkinskoye Pole deposits in Chukotka to 2 million tons per year by 2024. In 2020 a new processing factory with the capacity of 1 million tons per year will be put into operation. According to the company CEO Denis Kurochkin, until the end of the…
A ship loaded with 62,000 tons of steam coal last week departed the port of the American city of Baltimore and should arrive in Yuzhny port in Ukraine in mid-September, Ukrainian Ambassador to the United States Valeriy Chaly has reported. According to him, the relevant contract for the supply of coal was signed between the…
Coal exports via Rosterminalugol Terminal, the largest dedicated coal port in Russia’s North-West region and a member of the largest coal port holding Port Management Company LLC, has reached 16 million tons. The company reported that the milestone was recorded on August 21. The 16-millionth ton was loaded onto Handymax dry bulk carrier Albion Bay.…
The southern part of the Vograshorskaya mine has 23 million tons of coking coal. “It was impossible to get to those deposits, so we decided to construct a separate sloping hole”, Vorkutaugol executive director Yevgeniy Balukov explained. The construction has been complete, and the company has started preparing the breakage face. The development of the…
In January-June Krasnoyarskugol became the leader in power-generating coal mining and sales among Russian Coal enterprises. Coal mining increased by 23% YoY, to 3.2 million tons, while sales rose by 31% because of the growth of deliveries to power generating companies and for exports. In the long-term the Russian Coal Group of Companies will increase…
According to the State Fiscal Service, because of the seizure of Ukrainian companies on the uncontrolled part of Donbass in April-June the state budget has not received around 110 million UAH, while the local budget – some 125 million UAH. In January-July Ukraine increased anthracite coal imports 2-fold YoY, including from Russia. In 2016 Ukraine…
The Ministry of energy and coal industry has recommended increasing the sale price of coal from state mines for power-generating companies and combined heat and power plants by 5%, to 2200 UAH per ton (without VAT and transport costs) to make the enterprises profitable. The corresponding decision was made at the meeting chaired by the…