The share of loss-making coal mining enterprises in Kuzbass in February 2025 increased to 57% compared to 45% y-o-y. Therefore, in 2025 the negative trend intensified due to plunging global market prices, a sharp increase in production costs, as well as the strengthening of the ruble against the US dollar. Some companies are forced to […]
Last week, European thermal coal indices rose above 104 USD/t. Prices were supported by the recovery of gas and oil quotations after the postponement of the introduction of higher import duties by the U.S. Furthermore, export shipments from the U.S. and Colombia declined over the past week, while coal consumption in Germany increased. Gas quotations […]
Over the past week, European thermal coal indices adjusted below 103-104 USD/t. Pressure on prices was caused by a sharp drop in gas and oil quotes, following the introduction of higher import duties by the US, as well as the end of the heating season in the EU. Gas quotations at the TTF hub fell […]
In 2024, rail shipments of coal for export to OTEKO terminal in the port of Taman halved to 11.6 mio t (-14.0 mio t or -54.75% vs. 2023). Despite a formal improvement in Q1 2025 to 4.4 mio t (+3.0 mio t or +211.6% vs. Q1 2024), actual volumes remain significantly below 2022-2023 levels. Even […]
According to the estimates of the Russian Ministry of Energy, without prompt intervention and the state support, coal production in Russia in 2025 will collapse to 399.6 mio t (-43.8 mio t or -9.9% vs. 2024), with exports slumping to 166.5 mio t (-29.4 mio t or -15% vs. 2024). Russian Energy Minister Sergei Tsivilev […]
Over the past week, European thermal coal indices surged above 106 USD/t, having adjusted to 100 USD/t by the end of the week. The prices were supported by reduced coal supply from Colombia, the US and Kazakhstan. Export shipments of steam coal from Colombia fell by 25% w-o-w. Furthermore, Germany saw electricity prices rise on […]
Coal industry crisis The Russian coal industry is facing an unprecedented crisis in 2024-2025. 27 enterprises with a total production volume of 40 mio t are at risk, with 126 mio t of coal produced by unprofitable companies. In Kuzbass the share of loss-making companies increased from 34.8% in 2023 to 57.3% in 2024, while […]
Over the past week, European thermal coal indices rose above 100 USD/t, following news on Glencore’s possible production cut at the Cerrejon mine in Colombia by 5-10 mio t in 2025. Nevertheless, pressure on prices is still exerted by falling gas quotations, as well as stable stock levels at ARA terminals amid the end of […]
The drop in Kuzbass coal production in 2024 to 198.4 mio t (-15.8 mio t or -7.3% vs. 2023) persisted in the first two months of 2025. Under the Ministry of Coal Industry of Kuzbass, in Jan-Fab 2025 mining enterprises in Kuzbass produced 33.6 mio t of coal (-0.8 mio t or -2.4% vs. Jan-Feb […]