KYIV. June 25 (Interfax-Ukraine) – The Energy and Coal Industry Ministry of Ukraine has announced a tender to search for potential buyers of state-run assets in the coal mining sector, the ministry’s press service reported on Wednesday.
“The privatization of state coalmines, the major part of which are loss-making today, is intended to attract private investment to develop the coalmines thanks to financial resources, new technologies and management,” reads the report.
The official invitation for potential investors to participate in the tender to acquire the assets has been posted on the ministry’s website with reference information about 35 coalmines.
Ernst and Young and Deloitte will help looking for potential investors for coalmines.
Investors are to send their requests to the ministry and advisors and can receive more details on the assets.
The list of coalmines includes Krasnolymanska coalmines (produced 930,000 tonnes of rough coal in 2014), Novohrodovska 1-3 (636,000 tonnes), Stakhanov coalmines (547,000 tonnes), Pivdennodonbaska 1 (890,000 tonnes), Rossiya coalmine (725,000 tonnes) and others.
