Sunday, November 9, 2014

Yatsenuk and Akhmetov Selling Coal for a fraction of production cost.

Yatsenuk and Akhmetov Selling Coal for a fraction of production cost.
_Kharkiv - Novorossia____________________________________

Vitaly Khristich
PGO junta intends to question the Minister of Energy and Coal Industry sales.

Against certain officials was opened a criminal investigation into embezzlement. Presumably, this is due to the purchase of coal from South Africa. But the questionable dealings with Africa is just the tip of the iceberg.

The most cynical in what's happening in Banderostane is that against the background of the declared mission to fight against corruption and oligarchs, it has repeatedly increased in scale of a shadow economy. Those who criticized Yanukovych on Independence for corruption, today take control of the old "family" manual "cut and rollback" while significantly expanding the field of corruption.

One of the most profitable shadow schemes in Banderostana is associated with the coal industry. It was how the son of Yanukovych made his fortune. According to its financial potential, it can be safely put into second place after the gas racket. It would seem the junta's actions to uncover this hole in the economy, could earn some trust of the people, but that's not the meaning of the new palace intrigue.

Recall how this scheme worked before and how it was a trough for a whole generation of Ukrainian bureaucracy.

In 2003, the state company "Ukrainian Coal "was created . The purpose of its creation was that they needed the government to help support the mines, as the cost of it's production which exceed the market price for coal. Through this mechanism, they used state subsidies to offset losses of private mines.

Account auditing about that wasn't done . In 2013, one ton of coal worth about 490 hryvnia. Cost price of coal on gosshahte was about 1350 UAH. per ton. The Ukrainian government budget funds covered the difference and thus supported this industry. Over the past year on subsidies was sent 13.2 billion. Hryvnia or 1.65 billion. Dollars.

The means of this corruption scheme was outrageously simple. Under the guise of coal mined at gosshahtah, "Coal of Ukraine" bought raw materials from the mines, improvised kopanok, the cost of production which, of course, was much lower. The coal from kopanok costs about 500 USD. per ton. That is 850 USD. cheaper state coal. The difference was successfully appropriated to the stakeholders pockets. Ukraine carrying these huge losses on this scheme.

During the existence of "Coal of Ukraine" attached to the scheme in concern, were the former ministers of Energy and Coal Industry of Ukraine Yuriy Boyko and Edward Stawicki, the first deputy chairman of the Party of Regions, Alexander Efremov, & oligarch Rinat Akhmetov, who was associated with mines-Copanca, and, of course, Alexander Yanukovych, who took control of the entire scheme into the "family" during the presidency of his father.

Much to the dismay of the Romantics at Maidan, the coal scheme, after the fleeing of Yanukovych,  was not finished, and its scope has increased significantly. Palm of the plundering of the budget successfully adopted zhidobanderovets Yatsenuk, his new minister from speaking the name Prodan and his deputy Zyukov. Stay in business and Donetsk oligarch Akhmetov.

In 2014, the government junta waived coal subsidies. Although during the first half of maintaining the gosshaht, they took more than 3 billion. Hryvnia (250 million. $). And it is curious that the junta continued to subsidize the mines that were in the "ATO" zone that is under the control of "terrorists".

Another interesting fact is that the coal mafia under the guise of "Coal of Ukraine" has not been eliminated. Although the junta won't talk about this a lot.

Another corruption scheme, which had much success under Yanukovych, is associated with the loans to "Coal of Ukraine". The state company actively financed with various Ukrainian banks. By the end of the reign of Yanukovych its debts reached 3 billion Hryvnia. It is known that Yanukovych Jr. profited with more and more from pullbacks of the Debt Recovery "Coal of Ukraine". That is, for a guaranteed return on loans to banks and interest thereon in the form of cash or even bills Yanukovych demanded a rollback of 30% of the outstanding amount.

Today, these two corrupt schemes is given new life. "Coal of Ukraine" will not be eliminated. And according to some rumors now for the return of their debts to banks to lend to "Coal" to date, the need to provide a rollback of 60%. Exactly two times greater than for Yanukovych.

To maximize the effect of the old schemes current government decided to create another company. Now cut coal subsidies will implement the "State Coal Company." Characteristically, the head of the new company will be the former head of the State Enterprise "Ukrainian Coal" - Leonid Dudka. Obviously, these people are not afraid of any lustration, because they have the information, for which in the trash had to climb Yatsenyuk and his entire Nazi Guard.

Yatsenuk at a recent meeting of the junta government committee on socio-economic issues signed a curious document. He instructed the Ministry of Finance and the National Bank to transfer the accounts of companies with a share of more than 50% of state property into the Oschadbank Bank. And this selection was not random. It is governed by a childhood friend of his Prime Minister Andrew Lush.

Certainly as the coal state company, which now has two whole financial schemes, according to the commission, they would certainly be required to open a bank account for Yatsenuk. Thus, the coal will be in safe hands.

The coal shortage that Banderostanu threatens Ukraine with remains suspicious while regular rolling blackouts have become a great opportunity to join the corruption and to the Minister of Energy. Because of the war in the Donbas TPP around Banderostanu not able to procure supplies of coal for the winter season. Solving the problem of the junta was going happen through the purchase of the missing coal in South Africa. In early September, a contract was signed for the supply of 1 mln. Tons.

Experts immediately figured: this coal is not enough for more than 8-10 days of the Ukrainian power plant, and will not solve the problem of the shortage of fuel. But the meaning of this transaction became clear when announced the sale purchase price - it was overpriced at $ 10-15 alternative supplys. Thus the Russian coal with all the costs could save $ 10-12 per ton. Actually, coal from Russia Banderostan still may be purchased, more on that later informed Prodan.

Probably just about the contract with South Africa, which is completely devoid of common sense, the Minister of Energy will talk to the investigators on Monday. The background into this intrigue isn't going to be simple. Earlier Yatsenuk touted a deal with South Africa almost as a great of an achievement of the new cabinet ukroreyha. So say thanks to the Pindos-Bandera the junta problems with the lack of coal won't promptly be resolved. Truth is little later on in the interview, Yatsenuk admitted that without the Donbass coal Banderostan could not solve their energy issue.

In this light, the contract with the Republic of South Africa, has caused a lot of questions for Yatsenuk. It may become a very serious problem, If his Cabinet coordinated the delivery terms and signed the deal.

In order to remove the degree of public outrage, Yatsenuk seems determined to continue a scam and yuarovskim contract. His logic, it is better to sacrifice a minister than the old coal Yanuca circuit capable of generating him billions ...

 Related Story:

DONETSK, Ukraine (AP) — Glistening black sweat rolls down the spine of a beefy miner as he jackhammers bedrock along the shaft at the Chelyuskintsev coal mine in Donetsk, Ukraine's eastern industrial heartland.

Vitaly Khristich is one of hundreds of miners who each day brave the artillery fire that flares between pro-Russian separatists and Ukrainian troops to go down — deep, deep down — into the local mines. The mild-mannered man in his late 30s with a shy smile does this even though he has not been paid for months, even though his hometown has been torn up by war, and even though no one is really certain what government will eventually rule this territory — the central leadership in Kiev or the separatists who want to join Russia.
One kilometer (half a mile) up above the ground, the entrance to the pit is guarded by armed rebels, pro-separatist graffiti adorns the fences and Ukrainian government firing positions dot the nearby fields.

"You think about how to get to the mine, and not get caught in shelling, and then how to get back home," said his colleague, 30-year-old chief surveyor Svetlana Momot. "It's really scary."
Ukraine's eastern coal mines lie smack in the middle of its war. As the country's finances spiral out of control, the mines have become an even more vital resource of jobs, energy, heating supplies for winter and fuel for the entire Ukrainian economy.

About 55 percent of all the country's coal mines are located in a relatively small area controlled by the pro-Russian rebels who declared independence in May. The front line between the warring parties separates the mineral wealth of the Donetsk region from Ukraine's energy plants and grids, endangering both the region's future and Ukraine's entire energy security.
Heavy fighting and electricity blackouts have paralyzed the work of dozens of mines in the region, whose capital, Donetsk, was founded in the late 19th century by an industrialist from the former coal powerhouse of Wales.

The rebels often threaten to stop sending coal to Kiev but the Ukrainian government could simply cut off the electricity generated at a power station on its side. Without that power, shafts will get flooded and could be lost entirely as an energy source.
As of mid-October, only 24 out of the 93 coal mines in the region were operational. Cut off from electricity for weeks, many mines got flooded. At least two of them are beyond repair, another 10 are fully flooded and seven others risk becoming that way, according to Ukrainian officials and the mining trade union.

At the nearby Trudovskaya mine, workers say it's going to take at least two more months to pump out all the black water lapping the rough shafts.

Coal output in the Donetsk region dropped 20 percent to 22 million tons from January through September compared to the same period last year. That has forced the Ukrainian government to import coal from abroad — 1 million tons is under contract from South Africa — an unprecedented step for this energy-rich nation.

In turn, Ukraine is already experiencing a 30 percent coal shortage at power stations, according to Energy Minister Yuri Prodan.

Chelyuskintsev, a government-owned mine west of the rebel-held city Donetsk, was closed for nearly three months before being re-opened in late September. Two workers have been killed in Grad missile strikes on the premises since the war began in April — and one artillery strike even hit the mine's office building.
The mine's workers have not been paid since August. Despite the war, it has been shipping all the coal it produces to Ukraine's state-owned distributor — and yet it still has not been receiving government financing.

Mine director Vasily Dancha finds the government explanation for why workers have not been paid their 57 million hryvnia ($4.4 million) in back wages baffling.

"They say 'You're going to use the money we send you for military purposes,'" he said. "As if they don't understand that people who have not been paid for three months have no money to buy bread."
Still, many separatist combatants in Donetsk are local miners and pro-rebel sentiment among this workforce is strong. Around 100 Chelyuskintsev miners have joined the fighters and two have been reported killed in combat. Others said they will vote in the Nov. 2 rebel election as long as there is no heavy fighting
Viktor Chugunov, a 28-year-old section chief at the mine, must navigate checkpoints on his way to work because his home is across the front line on the government side. When the power fails because of the fighting, he and his colleagues have to spend an hour walking up the mine's shaft because the elevator doesn't work.
The 900-meter-long (nearly 3,000-foot) shaft is lined with a rattling conveyor belt that carries the coal out of the mine. It ends at a long wall where coal is extracted. The only woman down here is Momot, whose face is caked in thick soot. Her husband, who works at a neighboring mine, was injured this summer during shelling outside his workplace.

"At least there is no bombing down in the mine," Momot noted.

Most coal mines in rebel-held areas are powered by a hydroelectric plant in Kurakhove, a town a few miles away under government control. That plant, in turn, runs on coal from the Donetsk mines, a neat illustration of the mutual reliance that both sides will find hard to sever.
"If they keep it," Dancha said of the government power plant, "it will be important leverage for them to use."
Despite much pro-rebel sentiment, the Chelyuskintsev mine does not fly the rebel flag — or any flag, for that matter. Dancha says he was "advised" to take down the Ukrainian flag a few months ago. But he would not fly the rebel flag either.

"I told them 'As long as we are not paid, there will be no flag,'" he says. "'If you get us our salaries, we will fly your (flag).' Everybody here really wants to work."

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