On February1, 2017 the document was signed by the deputy governor of the Kemerovo region Vladimir Chernovand the General Director of the Company Eduard Alekseenko.
The agreement goes as follows that the Public Joint Stock Company "KuzbasskayaToplivnaya Company" plans to mine 13,4 million tons of coalwithin the current year, growth to the level of 2016is1,7 thousand tons (in 2016 – 11,7 million tons). In 2017 the Company invests 1,6 billion rubles in development of production, including purchase of the mining-transport equipment –1,3 billion rub.
The company will finance social programs of the regioninthe value of 32,8 million rubles. Including, financing of social programs of Belovsky,Tashtagolskyand Prokopyevsk regions – 4,5 million rubles.
The sum of tax payments in the consolidated budget of the region will make 819 million rubles. 25 million rubles will be directed to creation of safe working conditions at the enterprises of the Company.
In 2017 PJSC “KTC” will provide the supply of charitable sized coal in the amount of 3,5 thousand tons for the indigent segments of population of the Kemerovo region in the value of 4,5 million rubles.
Despite the significant deterioration of the situation on the coal market and the Agreement on Social and Economic Cooperation in 2016 on behalf of PJSC "KTC" was carried out in full. Moreover, the volume of production amounted to 11.7 million tons instead of the planned 11.1 million tons (over-fulfillment by 5%), and the rate of investment in production exceeded the plan by 8%.
PJSC “KTC” at a glance:
PJSC “KTC” (KTC, MICEX: KBTK) is one of the largest manufacturers and exporters of thermal coal in Russia. Production assets of the Company include three current plots and two projected plots at the Vinogradovsky mine in Kemerovo region, as well as two washing plants and own railroad infrastructure located in the same industrial cluster with the production assets. The Company operates retail networks in four regions of Western Siberia and provides with coal more than 400 thousand households and one thousand municipal and commercial boiler rooms. The company employs over 4,400 people. KTC’s shares are traded on MICEX, the free float is 33.15%.
