9,420.42 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.40 USD USD USD
36.34 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.75 TRY Interest Interest
71.81 USD Fossil Oil Fossil Oil
30.38 USD Silver Silver
4.10 USD Copper Copper
98.18 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,835.93 TRY Gold (gr) Gold (gr)

Coal production continues to decline in Kazakhstan

According to the press service of the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan, the production volume of coal mines in Kazakhstan continues to decline.

Coal production continues to decline in Kazakhstan

Throughout 2023, coal production decreased by 1 million tonnes year-on-year to 113 million tonnes. In the first four months of 2024, coal production decreased by 2.7 million tonnes compared to the same period in 2023.

Deputy Minister of Industry and Construction Olzhas Saparbekov stated that the decline in production was due to the fall in the cost of fuel on the world market, the development of green energy and logistical difficulties.

In order to increase the share of solid fuel in production, the authorities are considering applying clean coal technologies already used in some European and Asian countries. The ministry plans to co-operate with foreign companies to promote these technologies.

The coal chemical industry can also contribute to the development of coal production. Kazakhstan plans to adopt China's experience in producing high-margin products from solid fuel. The country is creating the necessary conditions to attract Chinese investors and technologies in this area.

Kazakhstan Railways reported that from May 2023 to April 2024, railways in Kazakhstan transported 103 million tonnes of coal.

73.5 million tonnes (71.4% of the total volume) were transported domestically, while 29.5 million tonnes (28.6%) were exported.

Saparbekov emphasised that Kazakhstan lost a significant part of coal exports due to logistical difficulties. The main problems are related to the transport ban in countries bordering Kazakhstan and the shortage of railway wagons.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ziraat Dinamik: A new era in digital banking begins!

Sunday, November 17, 2024

BSRM Steels to launch new steel plant in 2025

Thursday, November 14, 2024

European Commission releases autumn 2024 economic forecast

Saturday, November 16, 2024

voestalpine performed strong in H1 2024/25 despite the challenging economic conditions

Thursday, November 14, 2024

GMH Gruppe aims for climate neutrality in steel production

Saturday, November 16, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now