Donugol JSC was founded in 1999 through a merger of Rostovshakhtostroy JSC and Donskoy Ugol CJSC. The company holds licenses for Europe's largest reserves of high-quality commercial anthracite.
The Sherlovskaya-Naklonnaya mine was constructed and commenced its operation in February 2007. It is the youngest coal producer in the European Russia. In the near future the mothballed Obukhovskaya № 1 mine will be put into operation, which will increase the annual production capacity of Donugol JSC to 4.0 - 4.5 million tons of anthracite