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SUEK sees coal demand in next 5-10 years

Coal-mining company SUEK expects demand on coal in the next 5-10 years, as announced by the company CEO Stepan Solzhenitsyn in his speech at the VTB Capital “RUSSIA CALLING!” investment forum.

He explained that the government and Russian Railways are currently expressing doubts about the possible utilization of the Eastern Polygon's infrastructure after its expansion. At the same time, SUEK is confident that demand will continue.

In response to whether coal demand will remain during the next 5-10 years he said: “For the period covered by our low-carbon development strategy, for the period of all long-term development plans - the answer is definitely yes”. However, he did not make any comments on coal demand in the span of 40 years.

SUEK is the biggest Russian coal-mining company, established in 2001. SUEK's mining, processing, energy, transport and service enterprises are located in 12 regions of Russia. The main shareholder of the company is Andrey Melnichenko.