OREANDA-NEWS. April 22, 2009. The Government is ready to start the process of returning to the state property those private enterprises of coal industry that under conditions of the world financial crunch are not capable of operating effectively. Deputy Coal Minister Anatolii Korzun informed to a media conference in the Cabinet of Ministers of Ukraine.

He reminded similar procedure was launched by the Government with commercial banks, by buying shares of the seven banks on accord with their owners. “We are not afraid to take these enterprises (mines of non-state property) into the state property. If the owners have a desire to hold respective mutually beneficial negotiations on certain conditions, we are ready to take them under our wing and regulate production and other activity as well as on other state enterprises,” Anatolii Korzun informed.

Deputy Coal Minister noted owing to the Government’s work the miners of the state enterprises receive their salaries timely. Director General of Vuhillya of Ukraine enterprise Oleh Pohodin added products of the mines of state property form are completely purchased by energy enterprises and by the state into special coal reserve.