Business news from Ukraine

DTEK ENERGY HOLDING INCREASES COAL IMPORTS BY 2.3 TIMES – LONDON STOCK EXCHANGE

DTEK Energy Holding of Rinat Akhmetov increased coal imports by 2.3 times, to 1.492 million tonnes in January-June 2018 compared to the same period last year, the company said on the website of the London Stock Exchange.
At the same time, DTEK’s coal production in the reporting period fell by 12.9%, to 12.889 million tonnes. In particular, extraction of gas coal in Ukraine decreased by 1.2%, to 11.426 million tonnes, while anthracite and steam coal were not produced in Ukraine. At the same time, DTEK in January-June 2018 increased production of anthracite in Russia by 7.6%, to 1.463 million tonnes.
DTEK’s coal exports in the reporting period fell by 54.8%, to 206,000 tonnes.
Production of coal concentrate by DTEK in January-June 2018 fell by 22.8%, to 5.806 million tonnes. In particular, concentrate production in Ukraine fell by 44.6%, to 486,500 tonnes, and in Russia by 6%, to 907,900 tonnes.

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COAL ENERGY RAISES COAL PRODUCTION BY 16%

Coal Energy S.A. (Luxembourg) with assets in Ukraine in June 2018 increased coal production by 16.2% (by 1,698 tonnes) compared to the same period in 2017, to 12,150 tonnes, the company said on the Warsaw Stock Exchange.
Compared to the previous month, production increased by 1.4% (by 171 tonnes), the report says.
Coal Energy unites ten coal mines, rock dumps processing facilities and objects for enrichment. The company’s business was significantly affected by hostilities in Donbas.

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DTEK ENERGY PLANS TO INCREASE COAL PRODUCTION BY 7%

DTEK Energy plans to increase production of coal in Ukraine by 5-7% in 2018 compared to 2017, 24-24.6 million tonnes, The company’s CEO Dmytro Sakharuk told journalists. “This year, we plan to produce more than 24 million tonnes of rough coal,” he said.
According to him, coal imports by DTEK in 2018 are expected at up to 2 million tonnes, including about 1 million tonnes from DTEK’s anthracite mines in Russia’s Rostov region for Luhanska thermal power plant, and another 1 million tonnes for Kryvorizka thermal power plant, which also consumes anthracite.
In addition, DTEK intends to export about 5 billion kWh of electricity in 2018, which corresponds to the figures of the previous year.
DTEK Energy, which was created in 2005 as part of Rinat Akhmetov’s System Capital Management, is a key player in the Ukrainian coal industry. DTEK Energy assets are represented by 16 mines and 5 coal-processing plants. Total coal production in 2016 amounted to 29.2 million tonnes, accounting for about 70% of total production in Ukraine.

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UKRAINE INCREASES COAL IMPORT BY 53.9% IN JAN-APR, RUSSIAN SUPPLIES WORTH $643.58 MLN, US – $288.411 MLN

Ukraine in January-April 2018 increased import of coal and anthracite (foreign economic activity code 2701) by 53.9% (by 2.605 million tonnes) compared to the same period in 2017, to 7.437 million tonnes. According to the State Fiscal Service, coal was imported for $1.004 billion, which is 30.3% more than in January-April-2017 ($770.936 million).
At the same time, Russia supplied coal worth $643.58 million (a 64.08% share in imports), the United States for $288.411 million (28.72%), Canada for $48.365 million (4.82%), and other countries for $24.003 million (2.39%).
In addition, Ukraine in January-April 2018 exported 43,491 tonnes of coal and anthracite for $7.819 million, including $4.597 million to Russia, $3.201 million to Slovakia, $11,000 to Hungary, and $10,000 to other countries.

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