The Ukrainian Metal

Ukraine: Nasalik vows to get rid of profitless mines

In 14 months there will be no profitless mines in Ukraine.

According to the minister of energy and coal industry Igor Nasalik, by the end of 2017, 70% of mines will be lossless, and 50% – profitable.

“The mines will also start paying for electricity, for which they haven’t paid for 2 years. They will also be able to increase salary”, he said. “The plan of coal industry development presupposes coal output of 8.7 million tons by the end of 2018. And I can assure anyone that in 14 months we will have no profitless mines”. (Ukrainian metal)

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