Ukraine: Lviv Coal Company on sale

The Opposition block deputy Natalia Korolevskaya has put on sale the Lviv Coal Company, owner of the Chervonograd Central Processing Factory. All the key market players received offers: DTEK, Donbasenergo and the unofficial curator of the state coal industry Vitaly Kropachev, who owns three processing factories. In March the privatization of the Chervonograd Factory was…

Ukraine: Chervonogradskaya Factory returned to state ownership

The privatization of the Chervonogradskaya central processing factory has been named illegal, and the Lviv regional commercial court of appeals returned its assets to the state ownership. After the privatization in 2008 and the creation of the Lviv Coal Company the state controlled 37.58% of shares in the new company, with 62% controlled by the…

Ukraine: Lviv Coal Company to strike

On November 9, the employees of the Lviv Coal Company intend to stop supplying coal because of the salary debts. According to the Independent Miners Union chairman Mikhail Volynets, the employees of the coal processing company haven’t been paid salary for 3.5 months. The factory processes coal mined by Lvivugol and Volynugol. On November 10,…