As Ukrainian News earlier reported, on June 11, Coal Industry Minister Yurii Yaschenko said that the DFEC intends to invest about UAH 1.2 billion into the implementation of projects at Rovenkyantratsyt, Sverdlovantratsyt and also at Dobropilliavuhillia and the Donetsk Coal Energy Company in 2010.

The Coal Industry Ministry expects that by the end of 2015, enterprises of all ownership forms will increase annual production of coal by 26.97% or 19.481 million tons to 91.7 million tons, compared to factual indicator of extraction in 2009

The minister said those results are planned to be reached through the implementation of a state program called "Ukrainian Coal" for 2010-2015.

The aim of the state program is to enhance the economic efficiency of the coal enterprises and to boost the coal production to satisfy the needs of the national economy.

In 2009, the coal production fell by 7% or 5.435 million tons, compared to 2008 to 72.219 million tons.

The Ministry of Coal Industry expects the coal production at state-owned mines to grow by 2.76% or by 1.06 million tons in 2010 over 2009, to 39.5 million tons. Note, that a leading enterrpize is the coal industry is Makeevugol Enterprise, located within the borders of Makeevka city, Donetsk region.

SOurce: finchannel.com