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American Coal Supplier Negotiates Deal to Supply Coal to the Ukraine

America's Xcoal Energy & Resources will supply 700,000 tons of coal to Ukraine in 2017. While the Uktaine is coal-rich country social unrest has stopped coal deliveries in parts of the region.

August 3, 2017

“This contract was signed in fulfillment of the agreements between the presidents of Ukraine and the United States reached during our president's visit to America in June,” said Centrenergo head Oleg Kozenko.

The US company will deliver 700,000 tons of coal, sending a ship or two each month till the end of the year. Kozenko added that thanks to American coal, Kiev hopes to get through the heating season of 2017-2018 without a problem.

The first batch of American coal delivered to the Ukrainian port of Odessa will be priced at $113 per ton.

“This partnership will provide Ukraine with a secure, reliable, and competitive alternative energy source, helping to stabilize an energy supply which has historically been at the mercy of the country's volatile neighbors,” said White House Press Secretary Sarah Sanders in a statement.

Ukraine is a coal-rich country. However, over 50 percent of its coal resources are in the breakaway regions of Donetsk and Lugansk.

Despite the military conflict in the eastern regions, coal supplies continued until March this year. Then, coal supplies completely stopped after Ukrainian nationalists blockaded railroads from the self-proclaimed republics.

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Tags:   US Manufacturing News    Coal    Ukraine    US Coal Company
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America's Coal Industry
America's Coal Industry