OREANDA-NEWS. April 07, 2010. According to a recent press release of Coal Minister Mr. Yuriy Yashchenko, the Ministry of Coal Industry hopes to find UAH 5bn for capital construction and technical modernization of the state-owned coal companies in 2010. According to the release, nearly UAH 1.3bn can be allocated from the national budget in 2010, and the remaining funds are to come from investors and loans taken under the Government guarantees.

Millennium Capital sees this news as positive for Ukrainian mining machine building Companies, because an improvement in their solvency makes it possible to fill order portfolios of such producers as Donetskgormash<DGRM UK N/R>, Druzhkovka Machinebuilding Plant <DRMZ UK N/R>, Kharkiv Machinebuilding Plant “Svitlo Shakhtarya" <HMBZ UK N/R>, and Yasinovatsky Machinebuilding Plant<YAMZ UK N/R>.