From Russia with love: Coal miners thrive

Soaring: The country’s two collieries are seeing rising demand for their products PIC: MINERGY.COM
Soaring: The country’s two collieries are seeing rising demand for their products PIC: MINERGY.COM

Coal prices have surged more than 300% in the past two years, driven most recently by the war in Eastern Europe, and the country’s two collieries are riding the renewed popularity of a mineral the world had hoped would die out.

The war in Ukraine has forced European nations to move away from Russian coal, gas, and oil, raising the price of fossil fuels at a time when the region has been leveraging on these commodities to accelerate its green transition.

Russia, the third-largest exporter of coal, has been hit with broad sanctions by the West over its war in Ukraine, leading to shortages of the commodity while demand had already been rising due to the recovery of the global economy from the initial COVID-19 impact.

Editor's Comment
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

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