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Coal Energy coal production falls to minimum

Coal Energy coal production falls to minimum

16 September 2014

Coal Energy (CLE PW) reported on Sept. 15 it produced just 2.1 kt of coking and dual-purpose coal in August, compared to 9.6 kt in July. Coal Energy ceased to produce thermal coal and coal from waste deposits, referring to dangerous working conditions for its employees caused by the military conflict in the region.

 

Roman Topolyuk: Six out of eight Coal Energy underground mining subsidiaries – having provided 86% of coal production in FY13 – are located on territories of Donbas controlled by pro-Russian forces. These properties are under risk of damage and disruptions to business. The sustainability of the company’s operations depends largely on whether peace will hold between Ukraine and Russia in the Donbas region.

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