Coal news and updates

Pelicourt, the private equity firm, and Donbass Energy, which has operations ranging from coal mining to electricity generation, told CNBC that Ukraine could run out of coal supplies because of the destruction of the rail lines by Russian separatists.

 

According to Robert Bensh, managing partner of Pelicourt, the major mining region of Ukraine—also known as Donbass—could cease getting its coal to electricity producers within the next 40 days. The claims by Pelicourt and Donbass were presented last week to Ukrainian Energy Minister Yuriy Prodan.

 

CNBC's attempts to reach Prodan for comment were unsuccessful.

 

The Kiev Post published an infographic last week illustrating infrastructure problems in eastern Ukraine, including damage to factories, roads and power stations.

 

 

Source: http://www.marketpulse.com/