Montenegro Pljevlja coalmine reported a record high profit

Montenergo Pljevlja coalmine reported a net profit in the amount of some 4.6 million euros in the first nine months of 2022. According to the financial report, coalmine’s sales revenues reached 36.7 million euros at the end of September 2022, which is by 33 % more than in the same period in 2021.

Coal Mine A.D. Pljevlja is one of the largest and most important companies in Montenegro. Together with EPCG makes the energy system of the Republic. Coal mine started operating in 1952 and so far has produced about 66 million tons of coal. Coal Mine Pljevlja produces about 2 million tons of dark lignite coal per year, high quality with low content of sulphur and ash.

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