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Thursday, 15 March 18
SUEK GROUP SECURES $1.055BN 5-YEAR SYNDICATED PRE-EXPORT FINANCE FACILITY
SUEKSUEK Group signed a $1.055bn syndicated pre-export loan agreement. The facility with five years duration is secured against the Group’s export revenues and will be used for refinancing as well as general corporate purposes. 18 financial institutions have participated in the syndicate.

Nikolay Pilipenko, SUEK CFO, commented on the loan agreement, “We are very pleased with the outcome of this syndication. Many thanks to the members of the syndicate for their support. We will continue to pursue the Group’s strategy with full commitment to deliver on our financial, operational and sustainability goals”.

SUEK is one of the world’s largest coal companies and the leading coal producer in Russia. According to company's webite, the company's competitive strengths include: large, high-quality coal deposits, modern quality-assured washing plants and highly cost-efficient production and distribution.

No.1 in Russia and No.6 globally by output – 107.8 Mt in 2017
No.3 globally by international sales – 54.2 Mt in 2017
No.6 globally by reserves – 5.4 Bt

key assets include
15 open pits
12 mines
9 washing plants and processing facilities
3 ports
Global sales and distribution network
Research institute


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Recent News

Thursday, 13 September 18
SUPRAMAX: INDO-INDIA COAL RUN WAS FIXED CLOSE TO $16000 ON ULTRA - FEARNLEYS
Capesize Rates took a further drop in the beginning of the week, to later find a floor around mid-week reaching mid USD 7 level for c5 and just ...


Thursday, 13 September 18
SHIPPING IS INCREASINGLY CAUGHT IN THE TRADE WAR LINE OF CROSSFIRE - PETER SAND
Once again, the already long list of tariffed goods has been made even longer. Many more commodities were hit on 23 August, but September is likely ...


Wednesday, 12 September 18
THE INTERRELATIONSHIP BETWEEN LETTERS OF INDEMNITY AND CHARTERPARTY "TIME BAR" PROVISIONS - STANDARD CLUB
KNOWLEDGE TO ELEVATE Introduction A recent English Court of Appeal decision provides important guidance on the applicability of charterpar ...


Wednesday, 12 September 18
IS LNG POISED FOR A NEW GROWTH CYCLE? - WOOD MACKENZIE
Gas needs to work for its long-term sustainability. But the mood music is upbeat. Just 18 months ago the LNG market was depressed, anticipating an ...


Wednesday, 12 September 18
U.S. TOTAL COAL EXPORTS TO BE 107 MMST IN 2018 AND 101 MMST IN 2019 - EIA
EIA forecasts U.S. coal production will decline by 1% to 768 million short tons (MMst) in 2018, despite a 10% (10 MMst) increase in coal exports. ...


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