Krasnodon Coal is located in the northern part of the Donetsk coal basin

Donets Basin

Donbas or Donbass , full rarely-used name Donets Basin , is a historical, economic and cultural region of eastern Ukraine. Originally a coal mining area, it has become a heavily industrialised territory suffering from urban decay and industrial pollution.-Geography:Donbas covers three...

 within Krasnodon

Krasnodon

Krasnodon is a city in the Luhansk Oblast of south-eastern Ukraine. Serving as the administrative center of the Krasnodonskyi Raion , the city itself is also designated as a separate raion within the oblast....

 district of Lugansk region

Luhansk Oblast

Luhansk Oblast ) is the easternmost oblast of Ukraine. Its administrative center is Luhansk. The oblast was established in 1938 and bore the name Voroshilovgrad Oblast in honor of Kliment Voroshilov....

, Ukraine

Ukraine

Ukraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...

.

History

Krasnodon Coal started as a group of Sorokino coal mines having yielded the first 110 ktonnes of coking coal in 1914. In 1935 the trust “Sorokino coal” was established. The trust united 25 coal mines. In 1936 the trust was renamed into “Krasnodon Coal”. In 1940 the company mined 2.44 Mtonnes of coking coal with the length of excavations reached 30 km. During its 93 years history (1914–2007) the company mined about 370 Mtonnes of coal.

Joint stock company "Krasnodonugol" was established in accordance with the Order № 289 of Ministry of Fuel and Energy from June 8, 2004. In autumn 2004 the State Property Fund of Ukraine sold a 60% stake in "Krasnodonugol" to Avdeyevka Coke Chemical plant ("AKHZ"). On May 2005, OJSC "AKHZ" bought from the State Property Fund 39.91% of shares of "Krasnodonugol"

Since 2006 the Public Joint Stock Company "Krasnodonugol" is a part of the Metinvest Group

Metinvest

Metinvest is an international and vertically integrated mining and steel corporation. It was established on 6th June 2006 by the SCM Group. In 2007 Metinvest Ukraine LLC and Metinvest Service Metal Centres LLC were established to function as subsidiaries engaged in production and supply of...

, which manages the mining and steel business jointlu owned by SCM Group

SCM Holdings

System Capital Management or SCM is a major Ukrainian financial and industrial holding company with headquarters based in Donetsk in the east of the country. The business is controlled by a Ukrainian businessman Rinat Akhmetov who owns 100% of the company shares...

 and Smart Group.

Activity

The main activity of PJSC "Krasnodonugol" is the extraction and enrichment of coking coal. The company also provides engineering and surveying works for exploration, construction and exploitation of mineral

Mineral

A mineral is a naturally occurring solid chemical substance formed through biogeochemical processes, having characteristic chemical composition, highly ordered atomic structure, and specific physical properties. By comparison, a rock is an aggregate of minerals and/or mineraloids and does not...

 deposits, and performs other works.

"Krasnodonugol" draws from recoverable coal deposits of Krasnodon geological-industrial raion

Raion

A raion is a type of administrative unit of several post-Soviet countries. The term, which is from French rayon 'honeycomb, department,' describes both a type of a subnational entity and a division of a city, and is commonly translated in English as "district"...

in Lugansk region, with coal bedding angles from 0 to 60 degrees at the depth of 400–1200 meters. The average depth of mining works is 711 meters, average thickness of a seam is 1.72 meters.