Russian coal continues to grow

RUSSIA’S coal industry continues to strengthen with coal exports growing 15.8% from 2005 for the January to August period.

Angie Tomlinson

According to Russian analysis service AKM, exports to date this year have grown from 50.22 million tons to 58.16Mt.

The increase represented a 14.7% lift in export revenues to $US2.72 billion.

Of the coal exported 5.75Mt went to nearby CIS (Commonwealth of Independent States) countries and a total of 52.4Mt was exported to “far-abroad countries”

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