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Coal Markets:


Armenia is poor in natural resources, including coal - it has no actual coalmines now; however few small and mid-size bituminous coal deposits were discovered in the 1970-1980s in the country; these deposits have potentially high value due to content of gold, silver and platinoids in the rock.

Armenia imports thermal coal for its power plants and boilers - mainly from Russia. As the country's thermal power plants work mainly in natural gas and Armenia also exploits large nuclear power plant - the thermal coal import is low and counts for only 50 ktpa ($4-5 mln in current spot prices).

Having no steel production Armenia is not a consumer of coking coal - so the country doesn't produce and import it.

Note: not disputing Nagorno-Karabakh's legal status and international recognition, we provide figures without inclusion of Nagorno-Karabakh.

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