coal

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Coal production in Kazakhstan rose by 11 percent in 2008

By SRI ⋅ January 12, 2009 ⋅ Post a comment

(KazTAG) - Coal production in Kazakhstan in 2008 rose by 11 percent compared to the previous year to 105 ml tons, the official press quotes results of the government’s work in 2008.

“Coal production companies extracted 105 ml tons (11.2% up) according to tentative data”, the document reads.

In 2008, 11 state standards and 1 amendment were developed and approved within the program of transition of the coal industry to international standards.

Samruk to borrow $400 million

By SRI ⋅ September 4, 2008 ⋅ Post a comment

(SRI) - Samruk, the Kazakh national holding company which owns a range of companies including Kazmunaigas, KazPost or Air Astana, is raising a syndicated loan of $400 million.

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BAK introduces new general director

By SRI ⋅ July 7, 2008 ⋅ Post a comment

Bogatyr Access Komir (BAK), the largest coal mining group in Kazakhstan, introduced Viktor Shukin as the new general director, the company announced on Friday. Prior to this appointment, Shukin served as Director for Coal Business at the United Company Russian Aluminum (UC RUSAL). Shukin took over from Sergei Opanasenko who was appointed BAK managing director.

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EIA Kazakhstan Coal

By SRI ⋅ January 10, 2008 ⋅ Post a comment
Kazakhstan contains Central Asia’s largest recoverable coal reserves, with 34.5 billion short tons of mostly anthracitic and bituminous coal. Kazakhstan produced 106 million short tons (Mmst) in 2006, while consuming 78 Mmst, resulting in net exports of 28 Mmst. Russia is the largest importer of Kazakh coal, followed by Ukraine. State estimates show production fell by around 1.9 percent annually in 2007.
Coal production in Kazakhstan has fallen by roughly 35 percent since independence. Much of the decline has been due to mine problems (over 30 people died in mining accidents during 2004) and problems obtaining outside foreign investment to maintain their economic viability. EIA data show a modest upswing in coal production in 2000 and 2001, and the country’s production again grew by over 10 percent last year. According to the Kazakh Ministry of Energy and Natural Resources, the country aims to be producing 100 million-105 Mmst annually by 2015.
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