Saturday, January 31, 2009

ArcelorMittal Posts Ukrainian Coal Update

Reports from the Ukraine have cited Ms Elena Trofimova, press secretary of the Berezovskaya mine, as saying that in 2008 at Berezovskaya, Pervomayskaya and Anzherskoe mines mined 2.698 million tonnes of coal were extracted totally. This was 90% of the company's plan for the year. In 2007 these mines extracted 3.140 million tonnes of coal. In April 2008 ArcelorMittal purchased the assets from Severstal: 97.59% of Berezovskaya mine and 99.35% of Pervomayskaya mine. Severstal also sold the Severnaya coal concentrating plant, 100% of the Zhernovskaya-3 area and a controlling stake in three accessory enterprises.

Ms Trofimova said that the mines prepared 16.140 million tonnes of mine works. Severnaya concentrating plant processed 2.200 million tonnes of coking coal and produced 1.319 million tonnes of coke concentrate. The volume of products shipped to customers decreased in 2008 by more than 30% and made 1.793 million tonnes.

She said that “This is due to shipments volume slump caused by coal concentrate demand drop from metallurgical plants.”

Source: Steel Guru

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