Market Brief
Russian Coal Operator SUEK to Shutter Mine Due to Low Coal Prices, an Industrial Info Market Brief
SUEK -- one of the world's largest coal and energy companies, the leading coal producer and one of the largest heat and power generators in Russia -- has decided to shutter its Apsatskiy coal mine, which has an annual capacity of 600,000 tons, due to the current market conditions and low demand caused by COVID-19. The plant was shut in March and will not operate until September. If the price continues to decline by that time, the plant will be mothballed for five years.
SUEK -- one of the world's largest coal and energy companies, the leading coal producer and one of the largest heat and power generators in Russia -- has decided to shutter its Apsatskiy coal mine, which has an annual capacity of 600,000 tons, due to the current market conditions and low demand caused by COVID-19. The plant was shut in March and will not operate until September. If the price continues to decline by that time, the plant will be mothballed for five years. Click here for the related plant report.
Industrial Info is currently tracking 125 active capital and maintenance projects, worth US$6.36 billion, related to coal mining in Russia. Click here for a list.
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