Energy Ministry has not ruled out increase to export duty for energy coal

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Energy Ministry has not ruled out increase to export duty for energy coal - Shmatko

MOSCOW. Jan 26 (Interfax) - Russia's Energy Ministry is dissatisfied with rising prices for certain coal types (energy coal) and ready to initiate discussion on increasing the commodity's export duty.

"The increase in coal prices by 15%-20% and up to 40% (against 2011 prices), as well as the appearance of a deficit in certain coal type is unjustifiable for us. If this continues we will be forced again to discuss raising the export duty on coal," Energy Minsiter Sergei Shmatko said during a select meeting with the regions in regards to the prices on the power market.

Shmatko did not specify the brands of coal in question.