2 October 2017

Coal demand increases

The development of civilization and improvements in quality of life, including the expansion of the electric vehicle market - all these will increase coal demand for electricity generation, said SUEK CEO, Vladimir Rashevsky.

"The modern coal industry is one of the pillars of the economic development of our country, this sector is turned to the future," Rashevsky said during a meeting with mining students from Moscow higher education institutions. Answering questions on the most promising mining specialisations, the SUEK CEO noted that the industry’s current level of technological development requires multi-profiled specialists with a wide range of capabilities in various disciplines, from engineering to economics. 

"The need for specialists capable of thinking with their heads and able to combine skills and knowledge – like mining engineers, which understand how to organise production and are good economists – demand for such specialists is extremely high. They have bright futures, "said Rashevsky, as reported by SUEK’s press service.

Also attending the meeting, Alexey Teksler, First Deputy Minister of Energy of the Russian Federation, said that despite today’s challenging geopolitical backdrop, the coal industry is in a positive stage of development.

"Coal will remain an important part of the world energy balance, the competitive advantage of coal is that it is the cheapest source of energy," the First-Deputy Minister added, as quoted by the Ministry of Energy website.

As reported by the press service, the meeting was held as part of the closing ceremony of the exhibition "Pride of Russia - Miners" at Moscow’s Central House of Artists, which was organized by the Ministry of Energy of the Russian Federation and SUEK. The exhibition presented the history and the present of the coal industry in Russia in photographs, historical documents, objects, videos, and newsreels. The photography part was primarily composed of works from leading Russian industrial photographer Maxim Marmur. Preliminary data suggests that more than 50,000 people visited the exhibition.

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