Ukraine Seeks Chinese Investment of $1 Billion for Coal Mines

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Ukraine seeks to get $1 billion of Chinese investments to develop its coal-mining sector, President Viktor Yanukovych said.

Agreements have been made with the Asian country to start a joint pilot project to upgrade the Melnykova mine in the Luhansk region, Yanukovych said today in Donetsk, also in east Ukraine, according to a statement on the president’s website.