Forbes recently released its annual rankings for the top private companies in the world. Sibanthracite Group placed 61st globally and third in Russia, an impressive achievement for the newly formed coal producer. Founded in 2018 by Dmitry Bosov, Sibanthracite Group has seen explosive growth over the past few years. In 2018 the Russian-based company earned more than 162.4 billion rubles, a 1.9 times increase from 2017.
Sibanthracite Group is the largest producer of ultra-high-grade anthracite and is the critical developer in coal in the Novosibirsk and Kemerovo regions. Sibanthracite Group has united Russia’s top coal companies: Siberian Anthracite, Open-Pit Mine Vostochny, and Open-Pit Mine Kiyzassky, creating a formidable coal powerhouse. In 2018 the group produced more than 24.1 million tons of coal, a figure they hope to double by 2022.
Due to the unique physiochemical properties, anthracite produced by Sibanthracite Group is hugely sought-after. The quality of anthracite is measured by the percentage of carbon versus the impurity level found within the material. The anthracite mined from the Novosibirsk region (the primary resource base of Sibanthracite Group) boasts a 92% carbon content with low levels of impurities like sulfur, nitrogen, and phosphorus.
Even with all this success, Sibanthracite Group never has forgotten to give back to the community. The group regularly supports the development of social and environmental programs to improve the lives of the people in the regions it employs. For example, Sibanthracite Group is working diligently to establish a long-term assistance program for the indigenous people, The Shors in Kuzbass. Additionally, the group is putting ecological protection at the forefront of their operations, deploying modern monitoring systems to detect changes in environmental quality.
With ever-increasing production volumes and a significant resource base, it will be exciting to see just how far Sibanthracite Group can go.
