PROFIT FORMATION STAGES IN A COAL ENTERPRISES

Zh. K. Galiev () and N. V. Galieva

Russian Journal of Industrial Economics, 2015, issue 3

Abstract: The Russian government is up to update the program for the development of the coal industry until 2030. Among the expected results :an increase of the average annual coal reserves from the current 380 to 530 mln t. New capacities will be introduced ( 505 million tons altogether.), the existing ones will be modernize (about 370 million tons.). The article discusses the economic conditions (steps) for increasing revenues of a coal company. The histograms of the frequency of coal mining in the mines and pits in Russia, the dynamics of the coal industry activity for the years 2009-2013 are presented. The paper presents a rationale for appropriate relationship between different indicators of growth rates: between labor productivity and product unit costs; between coal production volume and the labor productivity; between revenue from sales and general costs of production; between profit and revenues from the sale of coal products.Â

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2015:id:223

DOI: 10.17073/2072-1633-2014-3-70-74

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