Finance Ministry approves concept of state program on Ukraine's coal industry reform – Energy Ministry

15:26, 12.03.2016 1 min read

The Finance Ministry of Ukraine has approved the concept of the state target program for reforming the coal industry until 2020, and the document has been submitted to the Cabinet of Ministers.

This was reported by the press service of the Energy and Coal Industry Ministry of Ukraine.

"The soonest adoption of the said draft concept by the government will allow launching the work on the development of the state target program for reforming the coal industry until 2020, which will involve experts of regional state administrations, in whose territories coal industry enterprises are located, the Social Policy Ministry, trade unions and other institutions," the report says.

As reported, Ukrainian Energy Minister Volodymyr Demchyshyn considers impossible privatization of state coal mines and offers investors to develop specific longwalls.

Losses of state-run coal mines in the first half of 2015 alone amounted to UAH 2 billion.