2016-07-10

Russian Coal Group reports production results for 1H16

Russian Coal Group has produced more than 6.2 million t of coal during the January to June 2016 period. Sales volumes for 1H16 are 5.7 million t of coal.

From the beginning of 2016 coal miners got new hydraulic excavators Hitachi, dump trucks Belaz, buses, graders and drilling equipment. This helped to make production more efficient and to put into operation new coal layouts.

“Since the beginning of 2016 there has been some recovery on the global coal market. The prices have increased by 1.5 – 2$. But if the dollar falls below the current rate, all the positive effects that was obtained at export sales from devaluation, will be lost”, comments Director General of Russian Coal Group Bilan Uzhakhov.

In 2016 depending on the market situation Russian Coal Group plans to invest in production RUB 1.5 billion. The same investments have been made in 2015.