Mines sell-out: buyers will dictate conditions

Before putting a price on loss-making state mines, Ukraine decided to feel out the mood and market opportunities

Today only 35 state-owned mines of 90 are under control of Ukraine. The remaining 55 were occupied by Pro-Russian militants in Donetsk and Luhansk regions. Moreover, the militants got the most cost-competitive mines – anthracite and Ukraine got mostly weak and unprofitable, producing thermal gas coal.