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Uzbek company to supply coal to Turkey (Exclusive)

Business Materials 16 November 2017 21:29 (UTC +04:00)

Baku, Azerbaijan, Nov. 16

By Ali Mustafayev – Trend:

Uzbek Shargunkumir JSC will export coal to Turkey in 2020 once the company’s mines start working at full capacity, Shargunkumir JSC Director for Future Development, Investment and Capital Construction Sattor Saidov told Trend.

The company plans to export 300,000 tons of coal per year to world markets and Turkey is most likely to receive some part of those exports.

Previously, the director of the company said in an interview to Trend that Shargunkumir JSC has already signed an agreement on coal supply to Afghanistan. The price that the company set on its coal is $70 per ton.

Shargunkumir's currently operating mines are expected to raise the level of coal production from 150,000 tons to 200,000 tons by the end of 2017.

The company intends to increase the output to 700,000 tons per year in 2019 and to 900,000 tons per year in 2020.

Along with Turkey, the company will export coal to Iran, Afghanistan, Tajikistan and Pakistan.

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