BMI View: Ukraine’s mining industry continues to muddle through a protracted process of restructuring, which in 2012 led it to simultaneously sign major deals with China on revamping coal mines and cooperate with the EU on shutting down its non-productive mines. Although the lack of political resolve and consensus continues to hamper privatisation plans for the country’s state-owned mines, progress is being made on the sell-off. In contrast to a steady economic growth outlook in Ukraine over the coming years, we forecast on a moderate average growth rate of 1.2% in the value of the mining industry, reaching US$9.4bn in …
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