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…
All the mines in Volyn region might be operated by one newly created enterprise. The idea was voiced by the regional state administration chairman Vladimir Gunchik. “The changes are necessary, as at present the mines simply eat up state money. All the accounting and bookkeeping should be united into one and construction of mine No.…
Ukraine is negotiating deliveries of anthracite coal with XCOAL Energy&Resources. The company mines in West Virginia and Pensilvania, selling coal and anthracite mostly to metal enterprises. The company exports some 16 million tons of coal per year via two of its seaports. In June a delegation from Ukraine visited Pensilvania. There is no large contract…
Stocks of anthracite coal at Ukrainian thermal power plants (TPP) grew by 3% from June 27 to July 5, to 698,300 tons, according to the Ukrainian Energy and Coal Industry Ministry’s press service. At the same time, the stocks of gas coal decreased by 3.6% from 1.824 million tons to 1.759 million tons. In general,…
Throughput of Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, is to grow by 16%, to 21 million tons in 2017, Yevgeny Korban, Managing Director of the terminal, declared. According to him, investments will total some RUB 300 million in…
In January-June Ukrainian power companies imported $1.257 billion worth of coal, up 1.8-fold YoY. According to the State Fiscal Service, Russia supplied 50.2% of the coal, USA – 27% and Canada – 8.7%. Russian share increased to $631.1 million from $446.3 million in January-June 2016. US increased sales from $95.9 million ton $340.5 million. Canada…
Rosterminalugol JSC throughput in January-June grew by 43% YoY, to 11.3 million tons. In June the terminal exported 2.2 million tons. In 2016, throughput of Rosterminalugol grew by 3.4% YoY, to a record high result of 18 million tons (over 60% of coal transshipment in the ports of Russia’s Baltic Basin). In 2016, Managing Port…
Ukraine’s Cabinet of Ministers has created an interagency working group to tackle the crisis situation in coal industry. Resolution No. 450 dated June 21 has been posted on the government’s website. The deputy prime minister of Ukraine has been appointed head of the group and the energy and coal industry minister is his deputy. (Interfax-Ukraine/Ukrainian…
