Sibanthracite Group is ranked first in the production and export of UHG anthracite throughout the world, and is the largest producer of metallurgical coal at the domestic level. Sibanthracite Group is one of the most dynamically developing coal companies in Russia. The coal production amounted to 6 million tonnes in 2014, and 24.1 million tonnes in 2018.
A recent report by the International Energy Agency (IEA) has caused quite a stir within the coal industry. With investment in Indonesian coal mines dwindling, experts are predicting a sharp decrease in output throughout the next few decades. According to the IEA report, Russia is well-positioned to overtake Indonesia by 2040 as the primary exporter of thermal coal. This has peaked even further interest in recent Russian investments in coal production and exportation in the Asia-Pacific regions.
Indonesia is currently the world’s largest exporter of thermal coal, making up more than 90% of the coal production in Southeast Asia. According to the IEA, exports will drop from 350 million tonnes to a mere 210 million tonnes in 2040. While Indonesia’s coke coal is cheap, it produces more waste and less energy than other varieties. High-grade and ultra-high-grade anthracite have a much higher carbon content, providing a much cleaner and more efficient fuel source. Russia is the global leader in the exportation of anthracite. While it is still possible that Indonesian suppliers ramp up production to prevent a sharp decline, it is anticipated that the future demand for coke coal will not be nearly as strong as anthracite and metallurgical coal.
Countries in the Southeast Asian regions have seen significant economic growth, and they show no signs of slowing. The region as a whole expects annual growth of over six percent. Vietnam continues to be one of the fastest-growing economies, with a GDP growth of more than 5.1%, potentially making it one of the top 20 economies by 2050. With any expanding economy, there is inevitably a substantial population boom. As a consequence, albeit a positive one, there is a high requirement for energy. Experts anticipate that over the projection period, demand in Southeast Asia outpaces production and imports by 170 million tonnes. Russia is fully prepared to assist in meeting Southeast Asia’s ongoing need for coal.
Russia is currently the third-largest coal exporter but is making strategic moves to increase exporting capacity. The opening of several new ports in the next few years and the construction of a new railroad that will maximize exports to meet future demands. Coal production is predicted to grow by 100 million tonnes to an impressive 550 million tonnes by 2035. Over the last two fiscal years, Russia’s coal exports have grown by 9.1% and have continued to do so, despite lower imports from Europe.
Dmitry Bosov Sibanthracite Group is ranked first in the production and export of UHG anthracite throughout the world, and is the largest producer of metallurgical coal at the domestic level. Sibanthracite Group is one of the most dynamically developing coal companies in Russia. In 2018, it produced 24.1 million tonnes of coal and anthracite.