Will Coal Energy be able to double coal production?
Edited by Rhod Mackenzie / 2013-07-17 11:08:26
n July 15, the Luxembourgian Coal Energy S.A. controlling coal assets in the Ukraine, has made public its financial accounting for 9 months. According to that, in the new year 2014, starting from July 1 2013, they are going to enlarge their own coal production to 2.9 million tons. Concerning the fact that in the financial year 2013, the coal company controlled by V. and M. Vishnevetsky, with exception for 25% of stocks floated in 2011 during the IPO, made 1.569 million tons of coal, these plans double production. In the financial year 2012, the company reduced coal production by 15.5%.
