Business news from Ukraine

Business news from Ukraine

Ukraine increased coal imports by 2.4 times in first 11 months of 2025

In January-November 2025, Ukraine increased imports of coal and anthracite (UKTZED code 2701) by 2.4 times (by 2 million 415.314 thousand tons) compared to the same period last year, to 4 million 134.636 thousand tons.

According to the State Customs Service of Ukraine, coal imports amounted to $929.485 million in the first eleven months of this year, which is 2.4 times ($546.653 million) more than in January-November 2024.

Coal imports from the US amounted to $374.498 million (40.29%), Australia – $281.793 million (30.32%), Poland – $90.872 million (9.78%), and other countries – $182.322 million (19.62%).

As reported, Ukraine increased coal imports by 2.7 times (by 1 million 145,951 thousand tons) in 2024 compared to 2023, to 1 million 812,592 thousand tons. In monetary terms, it imported $402.219 million worth of coal, which is 2.2 times more than the previous year ($185.378 million).

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Coal imports to Ukraine doubled in first nine months of 2025

Ukraine increased its imports of hard coal and anthracite (UKTZED code 2701) by 2.2 times (by 1 million 760.155 thousand tons) compared to the same period last year, to 3 million 253.62 thousand tons.

According to the State Customs Service of Ukraine, coal imports amounted to $751.081 million in the first nine months of this year, which is 2.3 times ($426.588 million) more than in January-September 2024.

Coal imports from the US amounted to $308.091 million (41.02%), Australia – $233.507 million (31.09%), the Czech Republic – $72.3 million (9.63%), and other countries – $137.183 million (18.26%).

As reported, in 2024, Ukraine increased coal imports by 2.7 times (by 1 million 145,951 thousand tons) compared to 2023, to 1 million 812,592 thousand tons. In monetary terms, it imported $402.219 million worth of coal, which is 2.2 times more than the previous year ($185.378 million).

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Coal Energy prepares to extract coal outside Ukraine

Coal Energy S.A. (Luxembourg), a coal company with its main assets in Ukraine, which are currently under Russian occupation, signed a letter of intent with Polish mining company Siltech in mid-April to lease its real estate and infrastructure for coal mining in Poland.

“The main purpose of this letter of intent is to advance Coal Energy’s plan to apply for a license to extract coal from deposits adjacent to those owned by Siltech,” Coal Energy said in a stock exchange announcement.

It is noted that the lease is scheduled to begin at the end of 2025, after Coal Energy obtains all necessary permits to commence coal mining from the licensed deposits.

Coal Energy is expected to mine coal using Siltech’s existing mining infrastructure. This approach will reduce the time needed to start coal mining and eliminate the need for Coal Energy to invest in the construction of a new mining facility.

Coal Energy shares have been listed on the Warsaw Stock Exchange since August 8, 2011. Its main activity was coal mining at two underground mines and working with coal dumps in the Donetsk region. According to the company, due to Russia’s aggression, it currently has no coal assets in Ukraine.

In recent years, the company has had virtually no operating activities. According to the latest report on Coal Energy’s website, its total assets at the end of September 2023 amounted to $9.7 million, while its liabilities amounted to $11.6 million and its capital was negative at $1.9 million.

At the end of 2023, the company acquired Ukrmineral Trading LLC with the aim of obtaining licenses for the extraction of minerals in Ukraine, as well as Advanced Industrial Technologies Sp. z.o.o. with the aim of providing underground mining services to coal mines in Poland. In addition, in early 2024, Coal Energy registered a new company, Greentech Solutions Sp. z.o.o., for the reclamation and processing of industrial waste dumps and mine tailings, as well as the reclamation of land destroyed by human activity.

The founder, chairman of the board of directors, and CEO is Viktor Vyshnevsky.

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Last year Ukraine almost 3-fold increased coal imports

Ukraine in 2024 increased imports of coal and anthracite (HS code 2701) in 2.7 times (by 1 million 145.951 thousand tons) compared to 2023 – up to 1 million 812.592 thousand tons.

According to the State Customs Service, coal was imported for $402.219 million, which is 2.2 times more than in 2023 ($185.378 million).

From the United States came coal worth $98.868 million (share – 24.58%), Australia – $97.794 million (24.31%), Czech Republic – $69.527 million (17.29%), other countries – $136.03 million (33.82%).

Ukraine’s coal exports in 2024 decreased 1.7 times (by 273.353 thousand tons) – to 397.324 thousand tons, in value terms it fell 4.7 times (by $136.325 million) – to $36.366 million,

Including coal shipped to Swedish counterparties for $14.776 mln, to Indian counterparties for $10.421 mln, to Italian counterparties for $5.487 mln, and to others for $5.682 mln.

As reported, Ukraine in 2022 reduced imports of coal and anthracite in 4.2 times (by 14 million 932.904 thousand tons) compared to 2021 – to 4 million 630.144 thousand tons. Coal was imported for $1 billion 179.113 million, which is 2.1 times less than in 2021 ($2 billion 488.698 million).

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“DTEK Energy” has put 16 new coal longwalls into operation

“DTEK Energy commissioned 16 new longwalls in January-September 2024, the company’s press service said on Friday.
According to the press service, the company’s miners plan to commission nine more longwalls by the end of the year.
“This allows us to meet the fuel needs of thermal power plants at the peak of electricity consumption, accumulate the necessary coal reserves for the autumn-winter period and maintain the reliability of the Ukrainian power system,” the statement said.
In total, since the beginning of the full-scale Russian invasion, DTEK Energy has invested almost UAH 18 billion of its own funds in Ukrainian coal mining.
The investments were directed to the construction and repair of capital mine workings, completion of coal longwalls, equipping mines with tunneling equipment, underground mine transport and projects to maintain production facilities.
As reported, in 2023, DTEK Energy commissioned 26 new longwalls.
In 2023, the energy holding’s investments in Ukrainian coal mining amounted to about UAH 7 billion, which is almost twice as much as in 2022.
“DTEK Energy ensures a closed cycle of electricity production from coal. In particular, the company has established a full production cycle in coal mining: coal mining and enrichment, machine building and maintenance of mine equipment.

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“Uglepromtrans” transported 2 mln tons of coal from Metinvest’s Pokrovskoye coal group

Since the beginning of the year, Uglepromtrans LLC, a member of Metinvest Group, has transported 2 million tons of coking coal and coal concentrate within the framework of Metinvest Pokrovskugol, which manages the enterprises of Pokrovsk Coal Group (Pokrovskoye).
According to the company, Vuglepromtrans trains are responsible for delivering premium concentrate to customers. Despite the war, the railroaders are working in a stable mode, increasing their speed and shunting operations.
In addition, it is reported that locomotive crews at Shakhtnaya station are providing railcars for loading coal concentrate to their main customers, Pokrovskoye Mine Administration and Svyato-Varvarinskaya Concentrator.
Currently, the rolling stock service employs 63 people, and one in four of them is a diesel locomotive driver.
As reported, in 2023, Vuhlepromtrans railroaders built 68 meters of track and three turnouts. The plans for this year are to lay another turnout and 60 meters of track, which will facilitate access to the diesel locomotive garage.
Nikolay Vishnevsky, Director of Vuglepromtrans, noted that in the face of a full-scale invasion, Metinvest transformed its business in a timely manner and set up logistics to maintain key production facilities and, most importantly, retained its staff.
“Metinvest created Metinvest Pokrovskugol, which manages the Pokrovske Coal Group’s enterprises. It includes, among others, Pokrovske Mine Administration and Svyato-Varvarinskaya Concentrator.
Svyato-Varvarinskaya Enrichment Plant is a premium coal concentrate producer in Ukraine. Its production capacity is about 8 million tons of raw coking coal per year with the ability to enrich five different classes of coal.
Pokrovskoye (formerly Chervonoarmeyskaya-Zapadnaya No. 1) is Ukraine’s largest coking coal producer.
The major shareholders of Metinvest B.V. are SCM Group (71.24%) and Smart Holding Group (23.76%), which jointly manage the company. Metinvest Holding LLC is the management company of Metinvest Group.

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