Pljevlja coalmine reported a net loss of approximately 1.4 million euros in the first nine months of 2025, a sharp decline compared to a profit of 3.34 million euros recorded in the same period last year. According to the company’s financial report, sales revenues dropped significantly to 21.8 million euros, representing a 49.4 percent decrease […]
Montenegro grants 24.5-year lignite concession to Pljevlja Coalmine Read More »
The Montenegrin Government has granted a 24.5-year concession to the Pljevlja coalmine for the exploration and extraction of brown lignite at four sites in the Pljevlja municipality: Potrlica, Kalusici, Grevo, and Rabitlje. Under the agreement, the company will pay a fixed total fee of 64 million euros, divided into annual installments of 2.67 million euros
Montenegro: Pljevlja coalmine reports increased losses in H1 2025 amid lower revenues Read More »
Pljevlja coalmine recorded a net loss of 4.5 million euros in the first half of 2025, worsening compared to a 3.8 million euros loss during the same period last year. Sales revenues declined by 13.7 percent to 19.6 million euros in the first six months of 2025, while operating expenses decreased by 10 percent to
Montenegro: Pljevlja Coalmine to launch 81 MW solar project in major green transition Read More »
Pljevlja Coalmine, a fully owned subsidiary of Montenegro’s state power utility EPCG, is making a major move into renewable energy with plans to develop a large-scale solar power plant in the northern Pljevlja district. This marks a significant shift from the company’s traditional focus on coal mining. The project will be built on approximately 626,245
Montenegro: Pljevlja coalmine reports slight decline in profit for 2024 Read More »
Pljevlja coalmine recorded a net profit of 15.06 million euros in 2024, slightly down from 15.2 million euros in the previous year. According to the financial report, the coalmine’s sales revenues in 2024 reached 65.3 million euros, marking a 6.3% decrease compared to 2023. Operating expenses, however, dropped by 2.7%, totaling 57.1 million euros. At
