The Ministry of Coal Industry made up a list of 18 mines, which it is going to privatize, informed head of the State Property Fund press-service Nina Yavorska, Cabinet press office reported.

The Ministry of Coal Industry decided to privatize 18 enterprises of the branch in 2007. Book cost of the enterprises constitutes 0.6 bn. UAH (1 USD - 5.05 UAH). The prepared list is to be agreed in the State Property Fund, after that the government will consider it. 11 objects of the proposed list have a status of the State Enterprises (SE) at the moment.

"Coal company Krasnolimanskaya" is of the greatest value. The stores of coking coal at the company are estimated as 250 mn. tons. Apart from the mines, the ministry also proposes to privatize four small plants of coal machine-building and four central concentration plants (CCP).

According to the Minister of Coal Industry, Serhiy Tulub, he doesn't mind privatization of integral property complexes of nine another CCPs, which are rented now.

164 mines (93% of them are the state property) and 3 cuts were functioning at the beginning of July 2005 in the coal industry of Ukraine. According to the results of 2005 production of coal in Ukraine reduced by 2.8%, production of thermal coal increased by 5.4%, while production of coking coal decreased by 12.3%.


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