Coal Stockpiles Accumulate for "Shubarkol Komyr"

Coal Stockpiles Accumulate for “Shubarkol Komyr”

19/09/2023

Image source: pixelied.com / pixabay.com

Regrettably, the actual shipment facilitated by the esteemed operator “Kazakhstan Temir Zholy” (KTZ) network accounted for a mere 53.7% of the planned volume, as reported by the reputable “Kursiv” magazine.

The astute management of the coal company has astutely observed that KTZ has failed to uphold its agreements with the producer. Specifically, KTZ has underestimated the provision of wagons for transporting raw materials abroad and has consistently imposed arbitrary restrictions on the railway transportation of coal.

Initially, “Shubarkol Komyr” had set forth plans to export 1,929.2 thousand tons of coal, with the railway operator agreeing to transport 1,590.6 thousand tons. However, over the course of eight months, a mere 1,032.8 thousand tons of solid fuel were successfully dispatched for sale. Notably, Poland emerged as the primary importer of coal, with deliveries in this direction experiencing an astonishing increase of 7.95 times, amounting to 1,021.6 thousand tons.

As a consequence of the disruptions in raw material exports, the company was compelled to curtail its coal production. During the aforementioned eight-month period, “Shubarkol Komyr” was able to yield 1,075 thousand tons of coal, a mere half in comparison to the corresponding period in 2022. For the current year, the company’s targeted production stands at 2 million tons of fuel, representing a significant 33% decrease year-on-year.

In order to circumvent penalties arising from non-compliance with licensing and contractual obligations pertaining to mineral extraction, the diligent producer has already approached the Ministry of Industry and Infrastructure Development. They have dutifully presented evidence confirming that the railway operator has provided fewer wagons for the transportation of raw materials than is required by the coal company.

Source and Credit: dprom.kz

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