
Despite a difficult year 2009, our forecast for Ukraine mining is generally positive. But at the end of 2009 the mining to 30.2% fell into real H110 saw the beginning of a recovery and by the end of the year, BMI forecasts that the sector its real growth of 1% increased, with the industry on the value US $ 5. 95bn. For the industry to improve over the next five years it is necessary to focus on its coal industry as outdated, ineffective and dangerous mines are urgently with a stagnating production impact required levels. This year Ukraine hard coal mining sector has seen some very negative press. Accidents with casualties have forced the Government to its safety standards look at and consider extensive rehabilitation. Actually the coal industry requires greater investment and the Government financing the UAH47 with the announcement,. responding 3bn (US $ 5. 98bn) by the year 2015.
The authorities have revived plans to privatize parts of the industry will bring new capital. Privatisation is controversial, in Ukraine, but there is growing acceptance in circles the Government productivity requires increased means and methods from the private sector. Total government actions are expected, that the entire coal production in 2015 by 54% from 64mn tonnes in 2009. This year has seen improvements in the iron ore sector.
Ukraine as the sixth largest iron ore producer in the world to see and despite the 2009 the lowest prices of production steel is listed since 2000, has improved iron production in H110. The industrial policy Ministry announced that iron ore concentrate production had 26 378mn tonnes may 2010, a 37% increase over the previous year has increased. In March 2010, Ukraine 2 522mn tons of iron ore exports this an increase of 8% year over year.