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09 May

Russia’s ELSI increases revenue, eyes new coal deposits

Elga Coal and Sibanthracite Group (ELSI), part of Russia’s A-Property, increased revenue in 2022. It reached RUB 433 billion ($5.6 billion), up by 1.6 times compared to 2021, Kallanish notes. Revenue from the largest asset, Elgaugol, grew by 58% on-year to RUB 163 billion. Last year, almost 99% of production from the Elga deposit was exported, the enterprise claims. The former Sibanthracite assets meanwhile contributed a total of RUB 270.2 billion last yea…
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Svetoslav Abrossimov  |  Bulgaria
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