The mine named after Kirov, a part of SUEK-Kuzbass, has received 203 sections of JOY 13/26 mechanized anchoring. The cost of the contract is over EUR 38 million. The mine uses two mechanized complexes. One of them, consisting of 175 sections of FRS-Glinik-12/26 anchoring, was commissioned in 2018. The second – JOY – has been…
The net profit of Siberian Coal Energy Company (SUEK) plunged by 39.3% YoY, to $706 million in 2019, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 9%, to $7.547 billion mainly due to contraction of global coal prices. Revenue from exports of coal went down by 15%, to $4.877 billion, with international…
The Komsomolets mine of SUEK-Kuzbass has finished 2019 with an output record of 3052 thousand tons of coal. This is the best result in 86 years of operation. The previous record has been exceeded by 600 thousand tons. Another record was achieved in excavation works – 4 km of rock. Komsomolets is the oldest operating…
Berezovsky Pit, a part of SUEK, has fulfilled its coal output plan for 2019 (4.8 million tons) in advance. This is SUEK’s youngest enterprise in Krasnoyarsk region. This year the pit has finished constructing a deep-processing complex with the capacity of 30 thousand tons of coal per year. Investments in the project exceeded 1 billion…
The Kharanorsky Pit, one of the largest SUEK enterprises in Zabaikalye region, has fulfilled its annual output plan in advance, having extracted 3.842 million tons of coal. The overall regional target for SUEK was 5.74 million tons of coal and 29.73 million tons of excavated rock. The excavation plan has also been fulfilled in advance…
In 2020 Razrez Tugnuiskiy, a part of SUEK, intends to mine 5.2 million tons of coal at the Nikolskoye coal deposit in the Republic of Buryatia. Until the end of the year 4.645 million tons of coal will be shipped. As of late October the pit has extracted 3.645 million tons of coal, up by…
The Zarechniy-Severniy Pit, a part of SUEK-Kuzbass, has already fulfilled its manufacturing plan for 2019, having extracted 1.6 million tons of coal. This is the youngest among the group enterprises, commissioned in April 2018 with the reserves of 18 million tons of coal. In the first year the company was able to extract 1.2 million…
Siberian Coal Energy Company (SUEK) plans to accept bids for at least 10 billion rubles of 10-year exchange bonds on October 11, a banking source reported. The first coupon guidance is set at 7.4-7.5% annually, which corresponds to a 7.54-7.64% annual yield to 4-year put. The issue carries semiannual coupons. The technical placement is scheduled…
