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Scientists Call for $2.4 Trillion Shift From Coal to Renewables

Scientists Call for $2.4 Trillion Shift From Coal to Renewables

The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to slow the quickest pace of climate change since the end of the last ice age, according to scientists convened by the United Nations. The findings released Monday by the […]

Russian Federation Increases Coal Export by 16.5% for 10 Months

Russian Federation Increases Coal Export by 16.5% for 10 Months

The Russian companies have increase the export of coal in January-October 2012 compared to the same period of 2011 by 16.7% to reach 104.088 million tons. This is reported in the documentations of the Central Dispatch Office of the Fuel & Energy Complex. This includes the export of coal K, which rose by 2.627 million […]

Russia’s Largest Coal Mine Raspadskaya Suffers Million Dollar Losses

Russia’s Largest Coal Mine Raspadskaya Suffers Million Dollar Losses

On Friday 21.09.2012 OAO Raspadskaya published the information about the results of its work in the first half-year period of 2012. According to the press-center of the company, in accordance with the International Financial Reporting Standards, in the period form January to June 2012 the largest manufacturer of crozzling coal in Russia ended up with […]

Ukraine Reduces Gas Consumption by Almost 3 Billion Cubic Meters in 2012

Ukraine Reduces Gas Consumption by Almost 3 Billion Cubic Meters in 2012

«This is the bottom line of energy saving policy — or rather, energy efficiency,» – the Prime Minister of Ukraine Mykola Azarov said at a meeting of the Cabinet of Ministers on August 29, 2012. The head of the government said that since the beginning of the year Ukraine has imported nearly 12 billion cubic […]

Coal Terminal to be Built on Western Bank of Kola Bay

Coal Terminal to be Built on Western Bank of Kola Bay

The government of the Murmansk region signed a tripartite agreement on the construction of the coal terminal and the railroad line on the western bank of the Kola Bay. The document was signed by the investors-the participants of the agreement and the governor of the region Marina Kovtun. The investment agreement presupposes the construction of […]

Coal Production in Russian Federation in I Half-Year Period Rises by 5.3%

Coal Production in Russian Federation in I Half-Year Period Rises by 5.3%

Coal production in Russia in the period from January to July 2012 rose by 5.3% compared to the same period of 2011 – to 167 million 722.6 thousand tons. This is stated in the materials of the Energy Ministry of the Russian Federation (Minenergo). In June this year this parameter rose by 6.1% — to […]

Miners of SUEK Produce Fifth Million Ton of Coal

Miners of  SUEK Produce Fifth Million Ton of Coal

New records have been set by the coal miners of OAO SUEK-Kuzbass. On the site#1 “Krasnoyarskaya” the brigade under the leadership of Oleg Kukushkin produced one millionth ton of coal, counting from the beginning of the year. This is the fifth brigade of the company, which has produces its “million”. In March 2012 the miners […]

Coal Production in Russia Rose by 3.7% in January-October

Coal Production in Russia Rose by 3.7% in January-October

The production of coal in Russia in the period from January to October 2011 comprised 271.735 million tons which is by 3.68% more than the level of the last year. This is stated in the published materials of the Central Control Administration of the Fuel and Energy Complex. Since the beginning of the year the […]

Coal Production in Russia in January – October Rose by 3.2%

Coal Production in Russia in January – October Rose by 3.2%

The coal production in Russia in the period from January to October 2011 compared to the same period of 2010 rose by 3.2% — to 270 million tons. This is stated in the published materials of the Federal State Statistics Service. Among others things they mention that the coal production in October rose by 10.5%. […]

SIBENCO Cuts Down its Interest in Primorskugol

SIBENCO Cuts Down its Interest in Primorskugol

The largest manufacturer of power station coal in Russia – OAO Siberian Energy Coal Company (SIBENCO) cut down the number of OAO Primorskugol shares which are at its disposal – from 93.93% to 85.95%, the statement of Primorskugol says. The grounds for the interest cut is the fact that the company’s participation in the emitter […]

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