Krasnodonugol, the coking coal subsidiary of Ukraine’s Metinvest Holding, plans to invest about UAH 670 million (USD87 million) in 2009 in the modernisation of existing production capacities and in the improvement of working safety conditions.
From January to May 2009, Krasnodonugol has invested more than UAH 200 million (USD26 million) in the upgrading of its production, of which UAH 136 million (USD18 million) has been directed towards the preparation and equipping of its four new longwall coal faces, while UAH 18 million (USD 2 million) has been spent on the improvement of working safety conditions.
Source: Steel Guru
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