Sunday, 15 Jan 2012
Reuters reported that Russian coking coal miner Raspadskaya sold 3.74 million tonnes of coking coal concentrate in 2011, 30% less than the previous year 5.35 million tonnes.
Sales recovered in the fourth quarter of the year, when it sold 969,000 tonnes of coking coal concentrate, up from 926,000 tonnes in the third quarter.
Total raw coal production was 6.25 million tonnes for the year down by 13%. For the final quarter, production stood at 1.58 million tonnes compared to 1.21 million tonnes in the July to September period.
The company which was Russia largest coking coal miner until a deadly 2010 mine accident said last month it plans to produce 8.5 million tonnes of coal in 2012.
(Sourced from Reuters)
Showing posts with label Russian coking coal miner. Show all posts
Showing posts with label Russian coking coal miner. Show all posts
Sunday, January 15, 2012
Tuesday, October 11, 2011
Raspadskaya to miss 2011 coking coal output target by 24pct - Report
Tue, 11 Oct 2011
Russian producer of coking coal OAO Raspadskaya may produce less than 6.5 million tonnes this year, missing its output target by 24% percent, Kommersant reported, citing analysts’ estimates.
Raspadskaya produced 400,000 tonnes of coal a month in July and August versus average 576,000 tonnes a month in the first half, the Moscow-based newspaper said, citing Metal-Courier data.
The company will probably miss its full-year output target of 8.5 million tonnes, according to the newspaper.
Raspadskaya had a market value of about USD 2.2 billion yesterday, while steelmaker Evraz Group SA and Raspadskaya management have been seeking to sell the company for more than $5 billion in the first half of the year, Kommersant said.
(sourced from Bloomberg)
Russian producer of coking coal OAO Raspadskaya may produce less than 6.5 million tonnes this year, missing its output target by 24% percent, Kommersant reported, citing analysts’ estimates.
Raspadskaya produced 400,000 tonnes of coal a month in July and August versus average 576,000 tonnes a month in the first half, the Moscow-based newspaper said, citing Metal-Courier data.
The company will probably miss its full-year output target of 8.5 million tonnes, according to the newspaper.
Raspadskaya had a market value of about USD 2.2 billion yesterday, while steelmaker Evraz Group SA and Raspadskaya management have been seeking to sell the company for more than $5 billion in the first half of the year, Kommersant said.
(sourced from Bloomberg)
Saturday, August 20, 2011
Evraz starts construction of Yerunakovskaya VIII coking coal mine
Saturday, 20 Aug 2011
Evraz Group SA has launched construction of a new coking coal mine Yerunakovskaya VIII within its existing coal mining division Yuzhkuzbassugol in Kemerovo region of Russia. The total investment in the project will be RUB 17 billion spent over the next three years. The coal mine is planned to start operations by mid 2013. By the end of 2014, the mine is expected to reach a total production capacity of 2 million tonnes of raw coking coal per annum.
Mine development will start from the Yerunakovskiy VIII deposit with the potential for further expansion into the Yerunakovskiy Vostochnyi deposit. Joint development of the two deposits will provide long term stable mining operations and a guaranteed supply of high quality hard coking coal. The estimated reserves of the new areas being developed are in excess of 85 million tonnes.
The mine will be built in accordance with the highest standards of safety, health and environmental protection. It involves preliminary and in seam methane drainage as well as construction of wastewater treatment facilities. Additionally, the Company will build a new handling capacity at Kazankovskaya railway station and a new local motorway for coal transportation.
This project is in line with Evraz's strategy to further develop its coal mining operations. Construction of the new mine will increase the level of vertical integration, providing its steelmaking facilities with high quality coking coal.
Evraz Group SA has launched construction of a new coking coal mine Yerunakovskaya VIII within its existing coal mining division Yuzhkuzbassugol in Kemerovo region of Russia. The total investment in the project will be RUB 17 billion spent over the next three years. The coal mine is planned to start operations by mid 2013. By the end of 2014, the mine is expected to reach a total production capacity of 2 million tonnes of raw coking coal per annum.
Mine development will start from the Yerunakovskiy VIII deposit with the potential for further expansion into the Yerunakovskiy Vostochnyi deposit. Joint development of the two deposits will provide long term stable mining operations and a guaranteed supply of high quality hard coking coal. The estimated reserves of the new areas being developed are in excess of 85 million tonnes.
The mine will be built in accordance with the highest standards of safety, health and environmental protection. It involves preliminary and in seam methane drainage as well as construction of wastewater treatment facilities. Additionally, the Company will build a new handling capacity at Kazankovskaya railway station and a new local motorway for coal transportation.
This project is in line with Evraz's strategy to further develop its coal mining operations. Construction of the new mine will increase the level of vertical integration, providing its steelmaking facilities with high quality coking coal.
Thursday, July 21, 2011
Kuzbassrazrezugol to boost coking output
Thursday, 21 Jul 2011 |Bloomberg
Bloomberg reported that OAO Kuzbassrazrezugol, Russia second largest producer of coal for power stations will raise output of coking coal used to make steel as prices climb.
According to the company annual report the producer based in Kemerovo and controlled by Russian billionaire Mr Iskandar Makhmudov will boost output of coking coal concentrate 12% this year to 3.37 million tonnes.
It said overall coal output will drop to 47 million tonnes from 49.7 million tons as the company seeks to mine more efficiently. Exports will increase 3.4% to 25 million tonnes.
According to the report sales rose 2% last year to RUB 50.7 billion and net income was flat at RUB 7.4 billion using Russian accounting standards.
According to the company annual report the producer based in Kemerovo and controlled by Russian billionaire Mr Iskandar Makhmudov will boost output of coking coal concentrate 12% this year to 3.37 million tonnes.
It said overall coal output will drop to 47 million tonnes from 49.7 million tons as the company seeks to mine more efficiently. Exports will increase 3.4% to 25 million tonnes.
According to the report sales rose 2% last year to RUB 50.7 billion and net income was flat at RUB 7.4 billion using Russian accounting standards.
Friday, February 4, 2011
Russia coal firm KOKS pospones IPO - source
Friday, Feb 4 2011 7:17am GMT
MOSCOW Feb 4 (Reuters)
Russian coking coal producer KOKS has decided to postpone its IPO due to market conditions, a source on Friday.
The company later confirmed this.
The company later confirmed this.
(Reporting by Olga Popova;Writing by Toni Vorobyova;Editing by Gleb Bryanski,sourced:reuters)
Friday, January 28, 2011
Russia’s NLMK secures coking coal supplies
Friday, Jan 28, 2011
Russian steel producer NLMK has won the right to develop the Usinskiy-3 coking coal deposit in the north of the country, having offered Rbs900 million ($30.2 million) for the license at an auction on 21 January.
Usinskiy-3 reserves will allow NLMK to rely on its own coal resources in future, as at present the company does not produce any coal and has to buy on the open market.
Usinskiy-3 is a large coking coal deposit located in Komi, a region in the north of Russia. Usinskiy-3 contains more than 227million tonnes of high-quality coking coal.
NLMK plans to have the necessary infrastructure ready to start production at Usinskiy-3 by 2016, and expects to bring it to capacity of 4.5 million tonnes per year in 2018.
The project will require Rbs45.5 billion of investment, according to NLMK.
Currently, NLMK consumes about annual 5.5 million tonnes of coking coal and has to buy this in the market, the firm told Argus.
NLMK gets coal mostly in the domestic market, with smaller amounts coming from outside Russia. The company imports 600,000 tonnes of coking coal per year from the US. (sourced:Argus Media)
Russian steel producer NLMK has won the right to develop the Usinskiy-3 coking coal deposit in the north of the country, having offered Rbs900 million ($30.2 million) for the license at an auction on 21 January.
Usinskiy-3 reserves will allow NLMK to rely on its own coal resources in future, as at present the company does not produce any coal and has to buy on the open market.
Usinskiy-3 is a large coking coal deposit located in Komi, a region in the north of Russia. Usinskiy-3 contains more than 227million tonnes of high-quality coking coal.
NLMK plans to have the necessary infrastructure ready to start production at Usinskiy-3 by 2016, and expects to bring it to capacity of 4.5 million tonnes per year in 2018.
The project will require Rbs45.5 billion of investment, according to NLMK.
Currently, NLMK consumes about annual 5.5 million tonnes of coking coal and has to buy this in the market, the firm told Argus.
NLMK gets coal mostly in the domestic market, with smaller amounts coming from outside Russia. The company imports 600,000 tonnes of coking coal per year from the US. (sourced:Argus Media)
Wednesday, January 26, 2011
Japan steel body: to eye Russia, Mongolia for coal
Wednesday Jan 26, 2011
TOKYO, Jan 26 (Reuters)
Japanese steelmakers will aim to diversify their procurement of coal to Russia and Mongolia but for now must keep relying on Australia for supply, the head of Japan's steel industry association said on Wednesday.
Eiji Hayashida, chairman of the Japan Iron and Steel Federation and president of JFE Steel Corp (5411.T: Quote), also said that he did not expect the current level of flooding in Australia to hurt JFE's production.
(soucred:reuters)
TOKYO, Jan 26 (Reuters)
Japanese steelmakers will aim to diversify their procurement of coal to Russia and Mongolia but for now must keep relying on Australia for supply, the head of Japan's steel industry association said on Wednesday.
Eiji Hayashida, chairman of the Japan Iron and Steel Federation and president of JFE Steel Corp (5411.T: Quote), also said that he did not expect the current level of flooding in Australia to hurt JFE's production.
(soucred:reuters)
Monday, January 17, 2011
Raspadskaya Q4 coal volumes up by 33pct QoQ
Monday, 17 Jan 2011
Reuters reported that Russian coking coal miner Raspadskaya fourth quarter coking coal concentrate sales volumes rose 33% from the previous quarter to 902,000 tonnes thanks to increased production.
The company main mine was shut after an accident in May 2010, though the company made up for some of the lost volumes by increasing production elsewhere. For the full year, coal concentrate sales fell 31% to 5.35 million tonnes.
It restarted some operations at its main mine last month and expects to return to pre accident monthly production levels by the end of this year, allowing it to resume export sales.
Courtsey news by Reuters
Reuters reported that Russian coking coal miner Raspadskaya fourth quarter coking coal concentrate sales volumes rose 33% from the previous quarter to 902,000 tonnes thanks to increased production.
The company main mine was shut after an accident in May 2010, though the company made up for some of the lost volumes by increasing production elsewhere. For the full year, coal concentrate sales fell 31% to 5.35 million tonnes.
It restarted some operations at its main mine last month and expects to return to pre accident monthly production levels by the end of this year, allowing it to resume export sales.
Courtsey news by Reuters
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