News

5 December 2017, 15:41

Business

LPR’s Sverdlovantratsit fulfils 2017 coal production plan ahead of schedule

LUGANSK, December 5 (Lugansk Media Centre) - Sverdlovantratsit, a division of Vneshtorgservis JSC has met is annual output target ahead of schedule producing more than 2.4 million tons of coal in 2017, the company press service told Lugansk Media Centre.

“Today, Sverdlovantratsit lit its Christmas tree as enterprise personnel met the annual production target hoisting to the surface a total of 2,422,050 tons of coal this year, and posting an increase of 340,000 tons year-on-year,” the press service said.

The enterprise comprises Dolzhanskaya-Kapitalnaya, Krasniy Partizan, Yakov Sverdlov, Kharkovskaya and Tsentrosoyuz coal mines.

Dolzhanskaya-Kapitalnaya produced 951.8 tons of coal in 2017, or 39.3 percent of total output, Tsentrosoyuz 135.7 tons (5.6 percent), Kharkovskaya 306.2 tons (12.6 percent), Yakov Sverdlov mine 362.8 tons (15 percent) and Krasniy Partizan 666.1 tons (27.5 percent), according to the press service.

Enterprise director Roman Boyarintsev noted that Sverdlovantratsit miners “have again shown their professionalism and the capability to meet output targets.”

Company executives earlier said the introduction of external management enabled Sverlovantratsit divisions to keep the production and wage levels. Despite Kiev’s economic blockade, Dolzhanskaya-Kaptalnaya increased the average daily output by 1,500 tons.

The Sverdlovantratsit press service also reported that the company had launched a new coal face for the first time since going into receivership.

Sverdlovantratsit commercial director Vyacheslav Svetlov said the external management of the coal companies which had previously operated in Ukrainian jurisdiction, enabled the Republic’s mining equipment producers to resume operation and build up production potential.

Head of the State Tax Inspectorate for Large Taxpayers at the State Tax and Revenue Committee Vladimir Groshev said that the measure applied to companies operating in Ukrainian jurisdiction secured a 2.4-times increase in budget revenue and deductions from Unified Social Tax in the first eight months of 2017 year-on-year.

LPR People’s Council Deputy Chairman Dmitriy Khoroshilov noted an improvement of the general socio-economic situation in the Republic since the introduction of external management.

The law on non-resident companies envisions introduction of state management by appointing interim administration at non-resident businesses operating in the Republic which failed to conclude, by 1 March 2017, the agreement with LPR tax agents on tax deductions to LPR budget. Krasnodonugol, Rovenkiantratsit and Sverdlovantratsit are among receivership companies.

LuganskMediaCentre — 05 December — Lugansk