Kazakh Energy Ministry talks on coal price rise in country

Business Materials 25 September 2017 11:15 (UTC +04:00)

Baku, Azerbaijan, Sept. 25

By Ali Mustafayev - Trend:

Talgat Abilgazy, deputy director of the Department for Electric Power and Coal Industry of the Kazakh Energy Ministry, has commented on the issue of coal price rise in the country, a correspondent of Kazinform, the Kazakh international news agency, reported.

He was answering the question of journalists on the sidelines of the 16th ERRA Energy Investment and Regulation Conference in Astana.

“To date, the coal industry in our country is competitive,” Talgat Abilgazy said. “We have about 400 fields. All the mining enterprises set the price independently. That is, the coal price is regulated by the market, by the supply and demand. At present, the prime cost of coal mining ranges within 3,000-5,000 Kazakh tenges ($8.79 – $14.66 as of Sept. 25), and the prices set at the mining enterprises reach 8,000 tenges.”

He added that the price further increases as the product reaches the end user.