The Cabinet of Ministers allowed the privatization of the Buzhanskaya mine, a part of Volynugol. The corresponding decision has been stated in the decree of July 22. For the past three years the mine has been profitless. Its accounts receivable for 2015 total 82.42 million UAH, in particular, 56.36 million UAH to the state budget…
The Ministry of energy and coal industry has started another competition for the office of Volynugol general director. All the applications should be submitted by July 12. The previous competition was held in early March. Volynugol CEO Fedor Bogdan resigned on February 22. In January-March the company decreased its losses 4.5 times YoY, or by…
General director of Volynugol Valentin Kiselev has resigned after his meeting with the minister of energy and coal industry Igor Nasalik. Earlier the mine groups of Volyn have asked the minister and the director of coal and peat department Anatoly Korsun to fire Valentin Kiselev from his office. (Ukrainian metal)
Buzhanskaya miners have addressed the President of Ukraine, the minister of energy, people’s deputies and local authorities telling them of the illegal actions of the new acting CEO of Volynugol Valentin Kiselev.
Volynugol has received 18 million UAH to clear November and partially December salary debts to Buzhanskaya and Novovolynskaya #9 miners.
The head of the Volyn region administration Vladimir Ginchuk met the representatives of Sanyi (China) willing to invest $3.5 billion into Ukraine. The company has some experience in working with mining companies from the East of Ukraine. But they are also interested in the Volyn coal basin.
The Independent Miners Union of Ukraine, Volynugol and Novovolynskaya mine #1 have decided to invade the Yagodin customs if they are not paid 2.5-months salary debts.
The State Financial Inspection has finished checking the state enterprise Volynugol. For less than 3 years the company management embezzled 45.8 million UAH. Their violations accounted for over 7 million UAH, while the non-received profit totaled 38.7 million UAH.
