The prime cost of a ton of coal in 2019 will increase by 36% up to 4.258 UAH per ton

In 2019, at the state coal mining enterprises, the average prime cost per ton of coal products will increase by 36% - from 3135 to 4258 UAH per ton.

This information is reported in the explanatory note of the Ministry of Energy and Coal Mining to the draft order of the Cabinet of Ministers on the allocation of 450 million UAH to the coal miners from the reserve fund to pay for electricity.

In 2018, 4 million tons of coal were mined in state-owned mines. Of this amount, received 3 million tons of coal products to 6.038 billion UAH. Its prime cost was 9.404 billion UAH, respectively, the average prime cost per ton was 3135 UAH.

According to forecasts of the Ministry of Energy and Coal Mining, in 2019, 4.85 million tons of coal will be produced, and 3.4 million tons of coal products will be produced from it for 7.824 billion UAH. Its average prime cost is projected at 14.51 billion UAH- 4258 UAH per ton. According to these data, the difference between the prime cost and revenue in 2019 will be 6.685 billion UAH.

In 2018, coal mining enterprises were allocated 2 billion UAH to cover the difference between the prime cost of coal production and the final selling price.

In January 2019, electricity costs increased at the mines due to the switching to work with the state enterprise ’’Ukrinterenergo’’.

Earlier, the Minister of Energy and Coal Mining, Igor Nasalik, reported that the lack of funding for the coal industry for several years could lead to the flooding of mines.


Source: reform.energy

Tags: coal mining, coal

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