You're reading: Ukrainian state mines’ losses from coal production come to Hr 6 b in Jan-May

The losses of coal mines managed by the Ministry of Energy and Coal Industry of Ukraine from coal production in January-May 2013 amounted to Hr 6.020 billion, which is 37.7% up on the same period of 2012.

According to the ministry, over the first five months of this year
state mines produced coal worth Hr 3.303 billion, which is 17.8% down
on the same period in 2012.

In January-May 2013, the average price of coal produced by
state-owned enterprises amounted to Hr 504.2 per tonne. In comparison
with January-May 2012, the average price of coal fell by 18.8%.

At the same time, the actual cost of coal amounted to Hr 1,423 per
tonne. The increase in the coal cost compared to January-May 2012
amounted to 9.8%.

Some Hr 5.614 billion was allocated from the national budget in
January-May 2013 to partially cover the cost of coal production.

In general, the volume of coal produced by state mines over the first
five months in 2013 amounted to 6.551 million tonnes, while in May
alone it was 1.235 million tonnes.