The Ukrainian Metal

Ukraine: court opens bankruptcy case for Krasnolimanskoye coal company

On March 26, the Commercial Court of Donetsk region opened legal proceedings in the case of Krasnolimanskoye LLC insolvency.

The company is a part of Ukrdoninvest Group of Companies belonging to Vitaliy Kropachev.

The bankruptcy was initiated by Shakht Prom Service+ LLC and Irbis-Vostok LLC.

Krasnolimanskoye LLC specializes in coal extraction on the territory of the state enterprise Krasnolimanskaya Coal Company.

As of mid-2024, the Krasnolimanskaya mine yielded 80-100 thousand tons of coal per month. In January-September 2024, its net income exceeded 2 billion UAH, while losses amounted to 78 million UAH. (Ukrainian metal)

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