Bloc of Petro Poroshenko proposes privatization of mines, exchange trading in coal be fixed in coalition agreement

17:58, 29.10.2014 1 min read

Ukraine will privatize all coal mines according to the special law and liquidate or mothball all the mines that cannot be privatized, according to a draft coalition agreement of the Bloc of Petro Poroshenko.

"The reform of the coal industry foresees introducing exchange trading in coal (electronic auctions) to transfer to market-based pricing for thermal coal, transferring to direct contracts for coal sales, liquidating state enterprise Vuhillia Ukrainy," reads the document.

The draft agreement contemplates the realization of the concept of creating a system of social support for the workers of the liquidated or mothballed mines and the population of these territories.

As reported, a few last governments of the country announced their intention to privatize all mines and transfer to exchange trading in coal, but only the most attractive coal enterprises have been sold or leased.