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Coal production in Primorye is stopped by SUEK due to lack of sales market in China - EastRussia | Far East

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Coal production in Primorye is stopped by SUEK due to lack of sales market in China

JSC SUEK stopped coal production at the Vostochnoye mine mine in Primorsky Krai due to the lack of a sales market in China, said Alexander Primakovskogol (a member of Vladivostok branch of SUEK) Alexander Zankov at a meeting with deputies of the Legislative Assembly of the region

Coal production in Primorye is stopped by SUEK due to lack of sales market in China
The Board of Directors of SUEK adopted such a decision 9 December 2015 of the year, Interfax reported.

Zankov recalled that China is the main recipient of coal mined at the mine. "In 2014 year in this country we have put about 600 thousand tons of coal, in 2015 year - slightly more than 100 thousand tons. Sales of products are falling, "A. Zankov said.
In addition, according to him, a decision was made not to develop coal mining in a new site near the village of Lipovtsi. It was purchased at a tender, and its reserves are estimated at 20 million tons of coal.

"When the work began, it turned out that the mining and geological conditions do not correspond to those that were designated by geologists," Zankov said.

According to him, in connection with this, the cost of production has increased from 42 thousand to 86 thousand rubles per meter. "These circumstances were the basis for taking a decision on the liquidation of the mine," Zankov said.

He also added that at present the company's debt is about 2 billion rubles.

At the same time, according to A. Zankov, there is still hope that a site will be found in Oktyabrsky or Mikhailovsky districts for the extraction of coal by the open method. This is hoped in the leadership of SUEK, and this could create jobs.

"From the point of view of logistics, it would be more profitable to mine coal in Primorye, since it is much more convenient to ship abroad from here," he noted.

Currently, about 500 people work in the Vostochnoye mine department. Of these, the company is ready to employ 60 - 80 people from among the local population for rotational work in the neighboring Khabarovsk Territory (Urgala district). Specialists who arrived in Primorye from Kuzbass, will return to their homeland.

"If a site is found where it is possible to mine open-pit coal, it may be possible to organize about 250 jobs," explained the head of Primorskugol.

Mine management "Vostochnoye" is the only enterprise that conducts the extraction of coal by underground mining in the territory of Primorsky Krai. Since 2011, the company has been shipping coal for export to China.
Earlier it was reported that the enterprises of JSC "SUEK" in the Primorsky Territory in 2015 increased coal production by 47,9% compared to the indicator of 2014 year - up to 5,16 million tons. Including Novoshakhtinskoye open joint-stock company Primorskugol OJSC produced 4,35 million tons of coal (58% growth), ZAO East Shakhtoupravlenie 811 thousand tons (an increase of 10%).