At present, all necessary measures for modernization and technical re-equipment of mines are carried out.
In recent years, Ukraine has substantially increased capital investment in the coal industry. So, the amount of investments has grown more than in 4 times - from 60,7 million UAH. in 2015 year to 247,9 million UAH. at 2017 This was reported by the Ministry of Fuel and Energy of Ukraine in response to a journalist request for the publication "Moneyforum.
The average price of 1 tons of commodity coal products, taking into account its quality in 4 months, 2018 is 2 056,39 UAH, which is 607,92 UAH. more than the corresponding period of 2017 year. The increase in coal prices on average by 42,0% compared to 4 months, 2017 allowed to get 570,4 million UAH of additional income, but due to the loss of marketable products, the positive result was reduced by 52,3 UAH.
The Ministry noted that, despite the increase in the price of coal products, without the growth of coal production to achieve a significant improvement in the financial state of the state coal industry is impossible.
The specified volume of extraction of ordinary coal can be provided only in the presence of capital investments at the expense of all financial resources, - noted in response to a journalist request.
According to the profile department, at the moment all necessary measures for modernization and technical re-equipment of mines are carried out.
So the Cabinet of Ministers of Ukraine has supported the initiative of the Ministry of Energy and Coal Industry to provide the state coal mines with a state guarantee to secure the fulfillment of debt obligations for loans attracted for the implementation of investment projects on modernization and technical re-equipment of mines, in the amount of more than 1 billion hryvnias.
The introduction of 6 investment projects will allow enterprises to increase their production, achieve break-even, earn profit and pay wages to miners in a timely manner.