Description: The Privatization of the Russian Coal Industry : Policies and Processes in the Transformation of a Major Industry

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The Privatization of the Russian Coal Industry : Policies and Processes in the Transformation of a Major Industry

This paper provides an overview of the privatization of the Russian coal industry. It reviews the salient aspects of the Government's privatization policy as it evolved over the years, and looks at the reasons for the successes and the pitfall...

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Bibliographic Details
Main Authors:	Artemiev, Igor, Haney, Michael
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	COAL INDUSTRY; MINING SECTOR PRIVATIZATION; RESTRUCTURING OF INDUSTRY; LAND RECLAMATION; RUSSIAN FEDERATION ACCOUNTABILITY ACCOUNTING AUCTIONS AUDITS AUTONOMY BANKRUPTCY BOOK VALUE CLOSURE COAL COAL INDUSTRY COAL SECTOR COAL SECTOR RESTRUCTURING CONSOLIDATION DEBT DEBT RESTRUCTURING DEPOSITS GOOD PERFORMANCE INTERNATIONAL ACCOUNTING STANDARDS LEASED ASSETS LEASEHOLDS LEGAL FRAMEWORK LEGISLATION LIQUIDATION LOCAL GOVERNMENTS MARKET RISK MINES NATURAL RESOURCES PRESIDENTIAL DECREES PRIVATIZATION PRODUCTIVITY REGULATORY FRAMEWORK SMALL PRODUCERS STATE ENTERPRISES STATE PROPERTY SUBSIDIARIES SUBSIDIARY SURFACE MINES TECHNICAL ASSISTANCE UNDERGROUND MINES VALUATION
Online Access:	http://documents.worldbank.org/curated/en/2002/04/2874405/privatization-russian-coal-industry-policies-processes-transformation-major-industry http://hdl.handle.net/10986/19258

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Summary:	This paper provides an overview of the privatization of the Russian coal industry. It reviews the salient aspects of the Government's privatization policy as it evolved over the years, and looks at the reasons for the successes and the pitfalls encountered along the way. Specific procedures and methods of sale are described in detail. A profile of the new owners of the industry is given, with a look at the implications for competition in the industry and at first performance indicators. As the World Bank has been closely involved in the support of the Government's coal sector restructuring program through provision of financing and policy advice, throughout the paper aspects of World Bank advice are considered.