Russia: Zarechnaya mine to change owner

Dmitry Bosov, together with his partners actively developing coal business, could obtain a problem asset in Kuzbass – the Zarechnaya company with the reserves of some 400 million tons of power-generating coal. The Trade-Industrial Union LLC, connected with the Razrez Kiyzasskiy of the managing company Vostokugol (owned by Bosov and Alexander Isaev), has purchased debts…

Ukraine: 2018 to see no profitless mines

Next year there will be no profitless state mines in Ukraine provided the government plan of coal industry reformation is carried out. “I have promised that if the plan of actions, agreed upon with the government, is carried out, next year all our state mines will be profitable”, the minister of energy and coal industry…