The Privatization of the Russian Coal Industry: Policies and Processes in the Transformation of a Major Industry
2002; Linguagem: Inglês
10.1596/1813-9450-2820
ISSN1813-9450
Autores Tópico(s)Global Energy Security and Policy
ResumoNo AccessPolicy Research Working Papers21 Jun 2013The Privatization of the Russian Coal Industry: Policies and Processes in the Transformation of a Major IndustryAuthors/Editors: Igor Artemiev, Michael HaneyIgor Artemiev, Michael Haneyhttps://doi.org/10.1596/1813-9450-2820SectionsAboutPDF (0.2 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:In the early 1990s the Russian Federation implemented mass privatization with swift ownership changes in many industries. A notable exception was the coal sector, one the world's largest, which was in deep crisis and unable to function without massive subsidies. The government undertook a far-reaching program of sector restructuring, closing heavily loss-making mines and cutting subsidies. The positive impact of the restructuring program led to a slow but sustained improvement in the coal industry's attractiveness to private investors. By the end of 2001, some 77 percent of coal output was accounted for by private operators. Artemiev and Haney provide an overview of the privatization of the Russian coal industry. They review the salient aspects of the government's privatization policy as it evolved over the years and look at the reasons for the successes and pitfalls encountered along the way. The authors describe in detail specific procedures and methods of sale. They provide a profile of the new owners of the industry and reasons for a different approach to privatizing an industry with a record of serious social, environmental, and labor problems, and look at the risks ahead. This paper—a product of the Private Sector Advisory Services Department and the Infrastructure and Energy Department, Europe and Central Asia Region—is part of a larger effort to evaluate Bank interventions that have a significant private sector development component. The authors may be contacted at [email protected] or [email protected] Previous bookNext book FiguresReferencesRecommendedDetailsCited ByThe Impact of Coal Mining Liquidation on Population Structure in the Selected Regions of Russia and UkraineOlsztyn Economic Journal, Vol.4, No.223 December 2009 View Published: April 2002 Copyright & Permissions Related RegionsEurope and Central AsiaRelated CountriesRussian FederationRelated TopicsIndustryWater ResourcesLaw and DevelopmentEnvironmentPrivate Sector DevelopmentFinance and Financial Sector Development KeywordsCLOSURECOALCOAL INDUSTRYCOAL SECTORCOAL SECTOR RESTRUCTURINGEXTRACTIVE INDUSTRIESGOOD PERFORMANCELEADMETALSMINE CLOSUREMINESNATURAL RESOURCESOILPRESIDENTIAL DECREESPRIVATIZATIONSMALL PRODUCERSSTEAM COALSURFACE MINESSUSTAINABILITYUNDERGROUND MINES Loading ...
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