Bloomberg News

Ukraine’s DTEK to Ship Coal to Ethiopia, Gets Brazil Contract

September 04, 2012

DTEK, Ukraine’s largest private coal and power producer, secured contracts to ship coal to Brazil and Ethiopia this year.

DTEK will supply 50,000 tons of anthracite to South American ports by the year end for iron and steel plants belonging to Gerdau S.A. (GGBR4), said the company in a statement on the regulatory news wire today. DTEK, based in the capital Kiev, will also deliver coal this year to a cement plant owned by Ethiopian Petroleum Enterprise in Ethiopia.

DTEK is seeking to increase its presence in foreign markets and already sells coal in Turkey, Poland, Bulgaria and Romania.

“The export potential to the African market is at least 300,000 tons of anthracite coal,” said Andrey Favorov, the commercial director for DTEK, said in the statement. “There is a considerable demand for high quality anthracite coal” in Africa and South America, he said.

South America can import more than 1.2 million metric tons of anthracite a year, Favorov said.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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