Komsomolets Donbassa Mine (DTEK) Increased Its Recoverable Coal Reserves

The permit was given upon the approval of the Interagency Working Group (IWG) of the State Geological Service of Ukraine (SGSU) on adding the said reserves in the amount of 3.218 m tones to the reserves of the mine.
 “Moving the reserves of the closed mines, which were included into the Ukrainian Mining Stock Restructuring Division, to the operating ones is a new practice of DTEK coal sector,” said Konstantin Vyalyy, the General Director of Komsomolets Donbassa Mine. “I am sure that this experience will consolidate the position of efficient mines and make it easier for them to develop reserves and commission new production faces. It is remarkable that the positive decision of the IWG was given on the day when the mine successfully fulfilled the annual plan on coal production ahead of schedule. This special production permit will ensure at least 7 years of stable work of the mine with the annual load on the block at 450,000 tonnes of coal.”
DTEK is the first private vertically-integrated power company in Ukraine. It is part of the financial and industrial group System Capital Management (SCM). The enterprises of DTEK build up an efficient operational chain of coal production and preparation, electricity generation and distribution.
The coal business of DTEK includes Pavlogradugol (consisting of ten coal mines), Komsomolets Donbassa Mine and five coal preparation plants.
The power generation business of DTEK is represented by Vostokenergo and the associated companies Dniproenergo, where DTEK owns 47.55% and Zakhidenergo, where DTEK owns 24.9%.
Service-Invest, PES Energougol  and the associated Donetskoblenergo Company, where DTEK owns 30%,  represent the electricity sales and supply business of DTEK.