Ukraine’s DTEK Acquires Bilozerska Coal Mine in Donetsk Region

DTEK, Ukraine’s biggest private power producer, acquired TDV Shakhta Bilozerska, a coal mine in Donetsk region, for an undisclosed sum.

DTEK, which is based in the city of Donetsk, said in an e- mailed statement that it now owns 95.4 percent of the mine. The company plans to invest in Bilozerska and increase output to more than 1 million metric tons of coal next year and 1.35 million tons in 2014.

To contact the reporter on this story: Kateryna Choursina in Moscow at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.