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

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Interviews

Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.

Interviews

FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.

<