Ukraine To Set Date For Coal Deposit Exploitation Tenders.

In mid April the government will set a date for a tender for coal deposits exploitation. Concorde Capital: We believe this step marks the beginning of the government’s new Energy Strategy. The strategy’s key points are the increase of coal extraction at operating mines, the development of new coal deposits and technical re-equipment for existing coal mines. We believe that additional inflows to the coal industry will increase orders for coal machinery producers Druzhkovsky machinery (DRMZ: BUY), Svitlo Shakhtatia (HMBZ: BUY), Donetskgirmash (DGRM: BUY) and Yasinuvatsky machinery.