This from Coal Hub (snippet)...........interesting. Good? Without state support, Russian coal production and exports will keep falling, the crisis in industry will intensify
The share of loss-making coal companies exceeded 50% by the end of 2024. Due to the crisis in the coal industry, 27 Russian coal companies with a total production of 40 mio t per year are in pre-bankruptcy. Another 62 companies with total production of 126 mio t per year have losses above the industry average. In Kuzbass and Khakassia, many companies are forced to reduce production plans and conserve certain mining areas.
From 2020 to 2024, the rail freight tariff for coal supplies from Kuzbass, Khakassia and the Novosibirsk region to seaports has already soared by almost 100% (4 times higher than the accumulated inflation over the period). From December 01, 2024, freight rail tariffs were raised by another 13.8% as part of the planned indexation for 2025. Additionally, from January 01, 2025, a target surcharge of 2% was introduced.
The Ministry sees the main task of supporting the industry as maintaining export volumes and exports in the eastern direction not lower than last year’s level. It is also proposed to take a number of measures to improve the performance of international supplies.
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