The devaluation of the rouble has at least tripled the profitability of Russian coal companies
Edited by Rhod Mackenzie / 2015-02-16 06:26:55
Coking Coal Finance Metals and mining Russia Evraz SUEK Mechel Severstal Russia Metals and Mining Coal
The Branch will last on devaluation for about a year.
The devaluation of the rouble at least tripled the profitability of Russian coal miners, dramatically increasing their competitiveness in the global market. According to the estimations of the industry, the effect of the devaluation will last for about a year, and then the question of reducing costs will seriously rise in front of them. The analysts state that this year the growth of the rouble yields will be partially offset by the increased costs.
