In 2016 Lvivugol could receive 436 million UAH for mines modernization and 480 million UAH for coal cost price covering.
The Verkhovnaya Rada Budget Committee has approved such changes to the state budget for 2016.
“This money will allow us to increase coal output and decrease cost price”, said the acting CEO of Lvivugol Andrei Dyachenko.
“By 2017 we will be working with profits. In 2016 our mines will me able to yield around 2 million tons of coal, and by 2020 – around 3 million tons”, he added. (Ukrainian metal)