Zasiadko Mine leased enterprise (Donetsk region) has been reorganized into a public joint-stock company, the company's press service has reported.
The press service said that public joint-stock company Zasiadko Mine was added to the single state register of companies on July 22, 2011.
"The company has become a legal successor of rights and liabilities of Zasiadko Mine leased enterprise which stopped its operation," the press service said.
The founders of the public joint-stock company are the state in the person of the State Property Fund of Ukraine and an organization of mine leasers.
Volodymyr Khrebet was elected chairman of the company’s supervisory board.
As reported, the chairman of the council of the mine leasers organization, Yukhym Zviahilsky, said that the State Property Fund of Ukraine during the completion of the privatization of Zasiadko Mine is to sell 5% of the company’s shares on an exchange and 11% at an auction
The rest of the shares would belong to the organization of mine leasers.
A total of 1.971 billion ordinary nominal shares with a face value of Hr 1 each would be issued. The state would receive shares worth Hr 326.563 million and the leaser – shares worth Hr 1.645 billion.
Some facilities that are now on the balance sheet of the mine would not be increased in the statutory capital of the public JSC, including a air-raid shelter with all its property, communications networks connected to residential buildings, forest belts, a building of the district military registration and enlistment office, buildings of former kindergartens, dormitories and a club, and a subsidiary plot in Perevalivka (Crimea).
The said facilities would be transferred to local communities.
The Zasiadko mine is one of the largest mines in Ukraine.
The mine is equipped with a powerful cogeneration station.
In 2010 the company increased coal extraction by 6% compared to 2009, to 1.65 million tonnes and in January-July 2011 its coal production soared by 32%, to 1.308 million tonnes.
