Russian government is ready to allocate 6 billion rubles to compensate for the 12.8% discount for rail transportation of coal to ports located in the North-West and South. However, this amount covers only a third of the necessary 0.2 billion USD to bring exports into the zone of zero profitability (153 mio USD for the […]
China has been the world’s dominant coal user and is consuming over half of the world’s demand, consuming more coal than every other country combined. The second largest coal consumer is India, which consumes less than a third of the amount of coal that China consumes. China uses coal to fuel its enormous fleet of […]
Over the past week, European thermal coal indices climbed above 100 USD/t, primarily due to the closure of the May contract and the switch to higher June prices. After a downward trend last week and a drop below 400 USD/1,000 m3 because of the long public holidays in Europe, gas quotations at the TTF hub rebounded […]
In January-March 2025, net losses of Russian coal companies totaled 1.0 billion USD compared to a profit of 59 mio USD in the same period a year earlier. The share of loss-making companies amounted to 61.8% against 50.0% in the same period last year. The Russian coal industry has lost almost 30 billion USD since […]
Daltransugol (DTU), a coal terminal in Muchke Bay of Vanino Port, completed a project to expand its coal handling capacity up to 33 mio t per year, as well as the construction of a railway access track. Thus, DTU’s throughput capacity increased by 9 mio t, or 37.5%, from 24 mio t. The facilities are […]
Currently, exports of steam coal are profitable for all market participants, except for coal companies as shown by performance in 2024-2025. Moreover, RZD and ports enjoy the highest margins (46% and 85%, respectively). Profitability of railcar operators in 2024 was at the minimum required level, while coal producers’ margins turned negative (-26%). In 2025, the […]
Over the past week, European thermal coal indices resumed dropping below 96 USD/t under pressure from declining gas prices and the off-season, when power consumption declines and renewable generation goes up. French company EDF announced plans to wind down the country’s last coal-fired power plant (1.2 GW) by the end of March 2027. Gas quotes […]
Under the Ministry of Coal Industry of Kuzbass, in January-April 2025, coal mining enterprises in Kuzbass produced 66.5 mio t (-3.5 mio t or -4.9% vs. Jan-Apr 2024). In 2024, coal production in Kuzbass dropped to 198.4 mio t (-15.8 mio tons or -7.3% vs. 2023). Export supplies from Kuzbass in Jan-Apr 2025 totaled 35.4 […]
Deputy Energy Minister Dmitry Islamov reported that losses in the Russian coal industry exceeded 875 mio USD in Q1 2025. Islamov emphasized that the situation in the coal industry continues to deteriorate this year. Negative factors remain strong, which are confirmed by the statistics for the first 4 months of the year, demonstrating the adverse […]