OREANDA-NEWS. June 10, 2010. The Ministry of Coal Industry has developed 63 coal investment projects with the expected total investment amount of UAH47.3 bln, informs the Ministry’s press service.
 
The investment projects are reported to have been designed for promising coal mining companies, the implementation period for each project is about 5 years.
 
‘So far, 63 promising investment projects have been selected. They are intended for 5 years to the total investment amount (investment intensity) of UAH47.3 bln, including per regions (UAH bln): Donetsk Region – 25.5; Lugansk Region – 19.5; Lvov Region – 2.1; Volyn Region – 0.2’, the report says.
 
The Ministry of Coal Industry considers partnerships between the state and private businesses the main non-state fundraising mechanism. Such partnerships may be in form of entering into joint activity agreements, product sharing or establishing new companies, or combining different investment forms.
 
It is specified that the Ministry has already drawn up the respective draft document of the Cabinet of Ministers as to private public partnership, which is under approval by the ministries and departments concerned.
 
Furthermore, the Coal Ministry is considering the expansion of leasing transactions in the sector as one of the mechanism to replenish material resources and upgrade production facilities.
 
The agency reports that earlier the Coal Ministry forecast entering into the first investment agreements with state-run coal mining companies by May.
 
The Ministry intends to establish 7 or 8 state-run concerns (production associations) as part of the coal sector organizational reforming.