Russia is one of the world leaders in terms of coal reserves (more than 150 billion tons) and coal mining. In 2021, coal production in Russia amounted to 438 million tons, and the share of ten leading coal mining companies accounted for more than 70% of total coal production. Furthermore, main customers of Russian coal are located in Asia: they are China (in 2021, the import amounted to 55.07 million tons, of which 43.25 million tons were imported by mainland China and 11.82 million tons – by Taiwan), Japan (21.83 million tons), South Korea (20.03 million tons), Turkey (13.3 million tons) and India (5.89 million tons). In 2022, many Asian consumers increased the volume of purchases of Russian coal, which is distinguished in the market by high quality and calorific value. In our new article we will consider top-10 largest Russian coal producers.
10. Sibuglemet
“Sibuglemet” produced 11.4 million tons of coal and took the sixth position in the RAEX-600 rankings of coal industry enterprises (395th place in the overall rating). The company is owned by the state corporation VEB.RF, but the sale of the asset to the structures of EVRAZ is being discussed since 2020.
9. Kuzbasskaya Toplivnaya Company
“Kuzbasskaya Toplivnaya Company” mined 12.67 million tons of coal. The enterprise was ranked the fifth in the RAEX-600 rankings of coal industry enterprises (394th place in the overall rating).
8. Vostsibugol
In 2021, “Vostsibugol” produced 13.9 million tons of coal.
7. Russian Coal, Elgacoal
The seventh position is shared by the companies “Russian Coal” and “Elgaugol” (part of the "A-Property" Group), each of which produced 14.7 million tons of coal. Moreover, “Russian Coal” was ranked the seventh in the RAEX-600 rankings of coal industry enterprises (461th place in the overall rating).
6. Stroyservis
“Stroyservis” Group produced 16.7 million tons of coal. In addition, the company took the third place in the RAEX-600 rankings of coal industry enterprises (204th place in the overall rating).
5. SDS-Ugol
“SDS-Ugol” took the fifth place and mined 19.3 million tons of coal in 2021.
4. Sibanthracite
“Sibanthracite” Group produced 22.6 million tons of coal. The company was ranked the fourth in the RAEX-600 rankings of coal industry enterprises (335th place in the overall rating).
3. EVRAZ
“EVRAZ” mined 23.3 million tons of coal and closed the top-3 Russian coal producing companies. The key asset of the enterprise is “Raspadskaya”.
2. Kuzbassrazrezugol
“Kuzbassrazrezugol” produced 45.3 million tons of coal. It was also ranked the second in the RAEX-600 rankings of coal industry enterprises (131th place in the overall rating).
1. SUEK
In 2021, “SUEK” became a leader in coal mining among Russian companies, produced 102.5 million tons of coal. Moreover, the company took the first place in the RAEX-600 rankings of coal industry enterprises (26th place in the overall rating). The rating is based on data on the volume of products sales.
In conclusion, Russia occupies leading positions in producing key energy carriers, including coal. The market of Russian coal is attractive for investment and relatively resistant, despite the fact that companies are still overcoming pandemic consequences.
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