Is this the end of the golden era for Russian coal?
The global economic slump is causing concern for Russia’s coal sector, with a forecast drop in the nation’s exports threatening mining job losses and company closures.
According to its director general Vladimir Dronov, YakutUgol - the largest coal producer in Russia’s Far East - is planning to reduce its 2009 output by 28% to 8.6 mtpa, almost the same volume reported for 2005 (8.9 mtpa)....
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This complete item is approximately 4000 words in length, and appeared in the January/February 2009 issue of CoalTrans International, on page 22.
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