The Pljevlja Coal Mine (RUP) recorded a loss of 4.45 million euros in the first half of 2025, according to the company’s financial report. This marks a deeper loss compared to the same period last year, when the company was 3.8 million euros in the red. Since August 2018, RUP has been fully owned by the state energy company Elektroprivreda Crne Gore (EPCG).
Total revenues amounted to 19.87 million euros—7% below plan and 14.3% less than in the same period last year. Operating costs reached 24.3 million euros, which is 11.4% below planned levels and 9.9% lower year-over-year.
The report states that the company’s negative result is 1.65 million euros greater than planned, but it is still seen as a relatively successful performance given the circumstances.
The first half of 2025 was particularly challenging for RUP due to the planned reconstruction of the Pljevlja Thermal Power Plant and the relocation of the Ćehotina River—two key projects for the company and the national energy system. RUP focused its resources on supporting these projects while maintaining coal production.
Coal output during this period totaled 469,602.8 tons, which is 14.2% below plan and 16.5% lower than in the same period last year. Coal deliveries for the power plant were 389,980.5 tons, down 3.7% from plan and 20.7% year-over-year, mainly due to the plant’s scheduled overhaul starting April 1.
Despite these challenges, RUP delivered coal with an energy value of 10,418 kJ/kg—7.9% higher than the contracted standard and slightly better than the same period last year.
The report concludes that, despite a difficult environment, the company maintained core operations, met priority goals, and ensured high-quality product deliveries. RUP ended the previous business year with a profit of 15.05 million euros.
