Pro-Russian terrorists attack DTEK coal mine

Обзоры по компаниям и отраслям 23.06.2014 Unidentified armed fighters driving an armed personnel carrier and a truck broke into the territory of the Komsomolets Donbasa Mine (SHKD UK), an asset of DTEK (DTEKUA) near the town of Kirovske in the Donetsk Oblast, the holding reported in a June 21 press release. They stole 13 heavy trucks, 5 light trucks and 4 passenger cars, damaged the mine’s administrative building, destroyed two cash ATMs, and intimidated the employees and local citizens, the press release said. The holding’s CEO called it “the height of cynicism and instability of DNR (Donetsk People’s Republic) representatives, who call themselves defenders of the working people”. Komsomolets Donbasa is one of the most efficient mines of DTEK, responsible for the production of 4 mmt of coal annually, or 10% of DTEK’s total. Alexander Paraschiy: This news is particularly problematic for Rinat Akhmetov, the owner of DTEK, as it demonstrates once again that his assets are ill-protected in the Donbas area, where he had been highly respected. Especially worrying is that the incident happened just a week after DTEK’s open letter to Ukraine’s president that called for urgent negotiations for peace (with DNR representatives, as we can read between the lines), two days after Akhmetov’s similar call for dialogue and one day after President Petro Poroshenko published his peaceful plan. Komsomolets Donbasa is a giant mine situated far from active fighting but on the territory controlled by DNR terrorists. The attack makes apparent the risk posed to other assets within the mine’s 15-km vicinity, including the mines of Sadovaya Group (SGR PW) and Coal Energy (CLE PW), as well as DTEK’s Zuyiv Power Plant. Another DTEK power plant is located in an even more dangerous location near the city of Luhansk. Thus far, the terrorist attacks have the intention of merely plundering liquid assets and intimidating citizens, with no intention to damage the infrastructure. But should the DNR terrorists decide to let the deadline expire for the Poroshenko peace plan and invite a full-scale war, they could target all the region’s infrastructure for deliberate damage.