Ukraine: Svet Shakhtera to change management system

The Svet Shakhtera Kharkiv Machine-Building Works intends to change its multi-level management system to one-level system. According to the draft decision for the shareholders’ meeting scheduled for December 11, the supervisory council must be abolished, and the board of directors consisting of one executive and three non-executive members must be created. At present there are…

Ukraine: Donetsk region coalmine on fire

In the evening on November 13, a fire broke out at a coalmine in Donetsk region due to a power surge. There were 45 miners underground at the time of the emergency. No combustion products entered the mine workings. The fire was extinguished within an hour and power was restored to the mine. (Government portal/Ukrainian…