Russian Coal Group produced 6.2 million t of coal in 1H16, according to a company press release, with sales of 5.7 million t. This compares to production of 6.7 million t and shipments of 6.2 million t over the same period last year.
“Since the beginning of 2016 there has been some recovery on the global coal market,” said Bilan Uzhakhov, Director General of the Russian Coal Group. “But if the dollar falls below the current rate, all of the positive effects that were obtained an export sales, will be lost”.
Russian Coal Group also said that it planned to invest RUB1.5 billion this year in production, a similar level to 2015. The company has already taken delivery of new hydraulic excavators from Hitachi and dump trucks from Belaz to boost production efficiency and operate new mine layouts.
Russian Coal Group was founded in 2002 and owns mines in the Amur region, Khakassia and Krasnoyarsk. In total, the company owns six mines and a coal preparation plant and holds 1.2 billion t of reserves.
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/mining/26072016/russian-coal-group-mines-6-2-million-t-in-1h16-2016-2081/