Wednesday, 22 May 2013

Ukraine Mining Report 2013

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Ukraine Mining Report 2013
May 22nd 2013, 00:00

BMI View: Ukraine''s mining industry continues to muddle through a protracted process of restructuring,which in 2012 led it to simultaneously sign major deals with China on revamping coal mines and cooperatewith the EU on shutting down its non-productive mines. Although the lack of political resolve and consensuscontinues to hamper privatisation plans for the country''s state-owned mines, progress is being made on thesell-off. In contrast to a steady economic growth outlook in Ukraine over the coming years, we forecast on amoderate average growth rate of 1.2% in the value of the mining industry, reaching US$9.4bn in 2017,from US$8.9bn in 2012.We hold a moderately...

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