Головна сторінка
/
Новини
/

Metinvest affiliate Pokrovske Coal output rises 23% in 2M21

Metinvest affiliate Pokrovske Coal output rises 23% in 2M21

18 March 2021

Private joint stock
company Pokrovske Coal produced 1.09 mmt of raw coking coal (18.5 kt per day)
in 2M21, a 22.8% yoy rise, according to Concorde Capital’s analysis of
Ukraine’s Energy Ministry data.

 

In 2020, Pokrovske
Coal’s output was 6.13 mmt of raw coking coal (16.8 kt per day), a 22.6% yoy
rise. In 2019, Pokrovske Coal produced 5.0 mmt of coal (13.7 kt per day), a
25.8% yoy jump.

 

Metinvest (METINV),
Ukraine’s largest steelmaker, in March increased its effective interest in the
so-called Pokrovske coal business, which includes Pokrovske Coal, to a controlling stake. Metinvest plans to increase its stake in Pokrovske coal business
to 100% in 2022.

 

Dmytro Khoroshun: Pokrovske Coal’s 2021 output will
amount to 6.9-7.7 mmt (19-21 kt per day), or 13-25% more yoy, we continue to
expect.

 

In March, Pokrovske
Coal announced plans to boost its output to 8 mmt (21.9 kt per day) in 2021, or
30% more yoy.

We maintain our neutral
view on METINV bonds.

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...