Coal production in Ukraine decreased by 17%

Noam Stiekema

The coal production in Ukraine decreased by 17% yoy in the first nine months of the year, said Deputy Minister of Energy and Coal Industry Yuriy Zhukov. For the period were harvested 57 million tonnes against 68.6 million tonnes in the same period of the year, he said. Yuriy Zhukov said that because of the […]

Coal Ukraine

Coal UkraineThe coal production in Ukraine decreased by 17% yoy in the first nine months of the year, said Deputy Minister of Energy and Coal Industry Yuriy Zhukov. For the period were harvested 57 million tonnes against 68.6 million tonnes in the same period of the year, he said. Yuriy Zhukov said that because of the tension in the Donbass coal mining region decreased by 12 million tonnes. Zyukov commented to Ukrainian media in September that the coal industry in Ukraine is “on the point of extinction” because of the tension in the Donbass, which combines the two administrative regions – Donetsk and Lugansk.

“As a result, coal production is reduced to catastrophic levels in the country and even occurs deficit of coal to power plants”, said Deputy Minster. Only in August, the yield was 700 thousand tonnes and in previous months – 2 million tonnes commented Zyukov.

Ukraine is one of the biggest exporters of coal in Europe. According to the European Association Euracoal the country has reserves of 31.8 gigatonnes of anthracite coal. Because of the crisis in the eastern parts of the country, however, it is about to become an exporter to importer. The Prime Minister Arseniy Yatsenyuk warned on 22nd October 2014 at a meeting of the government said that Ukraine will have to buy 4 million tonnes of coal to be secured the energy balance.

At first Kiev will buy coal from South Africa. Plans are raw material to arrive by ship passing through the Bosphorus.

Read this next

blockdag

Top Bullish Crypto: Fetch.ai & Pepe Coin Price Surge, But BlockDAG Sees Investor Rush as X Series Miners Stand Out

Compare Fetch.ai (FET) Bull Run, Pepe Coin price, and top bullish crypto BlockDAG. Discover why BlockDAG’s innovation and growth potential make it the best choice.

Digital Assets

Coinbase resumes XRP trading in New York after nine-month hiatus

Coinbase has resumed trading for XRP in New York, the company’s chief legal officer, Paul Grewal, announced on Thursday. This comes after a nine-month suspension of the cryptocurrency on the exchange due to regulatory scrutiny.

Institutional FX

Swissquote joins Fortex Hub to expand liquidity distribution

ECN trading platform and technology provider, Fortex Inc. has announced a new integration with Swissquote Group, Switzerland’s provider of online trading services.

Chainwire

Multipool Enters Partnership with Mobilum Offering Users Fiat to DeFi On/Off Ramp

Multipool, a leading innovator in the blockchain and cryptocurrency industry announces a corporate partnership with Mobilum.

Retail FX

IC Markets taps TipRanks’ trading research tools

Sydney-based IC Markets has completed integration of TipRanks’s rating tools, which ranks analysts and financial bloggers based on their picks’ performance analysis, in a bid to provide its clients with new research capabilities.

Digital Assets

Gate.io shelves plan to operate in Hong Kong

Gate Digital Ltd (Gate HK) announced it is winding down operations and has withdrawn its application for a crypto trading platform license in Hong Kong.

Chainwire

Sui and Mesh Combine Forces to Bring Simplified Transactions Across the Sui Ecosystem

With the addition of the Mesh platform, Sui Wallet will achieve product parity with the world’s largest self-custody wallets, while Mesh now natively supports the SUI token

Market News, Tech and Fundamental, Technical Analysis

EURGBP Technical Analysis Report 23 May, 2024

EURGBP currency pair can be expected to rise further toward the next resistance level 0.8560.

Digital Assets

Bybit denies financial woes and hacking rumors

Ben Zhou, CEO of Dubai-based cryptocurrency exchange Bybit, has refuted circulating rumors that the platform has been hacked or is insolvent. Zhou addressed the speculations in a post on the social media platform X.

<