In December 16 in "Komsomolec Donbassa" Mine there was an official representation of the investment project together with the foreign investor. During the eleven months of the current year the Mine has produced 1M.250thsd tons of coal. To put the enterprise to the rated capacity - 2M.tons of saleable coal per year the mine leaders decided to work a new strategy of production. It was beyond mine body's power to solve this problem itself. It was decided to look for investor. According to the Mine Head B.Danilov's words the enterprise was in luck that Kirovskoye Town where the mine is situated forms a part of priority development territory under the Law of Ukraine "About Special Economic Zones and Special Mode of Investment Activity in Donetsk Region". Main specialists worked out the Business - Plan and in March 1999 the investment project "Mining of coal stratum L3 by mechanized high productivity complex BMV-14 (P3)" was approved by Board of Special Economic Zones and Investment Conditions in Donetsk Region.

The main idea of the given investment project is to increase the volumes of coal output due to the mining works expansion in highly productive L3 coalseam and modernization of the output technology on the basis of application of the heavy-duty mechanized complex.

Within the investment project in JSC "Komsomolec Donbassa" an additional mining area was opened in the form of the relative conventional economic-organization structure without juridical person creation. This area has already mined more than 120 thsd tons of coal this year.

The foreign investor Slovak firm KIMEX S.R.O. - provided the mining area with main coalface equipment by the total sum of 7,8M.USD, and in its one's turn provided from its own assets the delivery of additional equipment and carried out the complex of measures to prepare coalfaces for mining.

The foreign machinery will work in three longwall faces of "Komsomol member of Donbass" mine.

For 39 months of investment project realization the enterprise will produce in addition about 1667 thsd tons of coal for 170034 UAH. The output of coolface will raise up to 2 thsd tons per day and the output of the Mine as a whole - by 20%. Ash content of extracted coal will be lowered by 3-6%. Besides 201 jobs will appear. As a whole the realization of the project in the limits of territories with special mode of investment activity will allow the mine to recieve the profit of 37M.UAH for further reinvestment into production.

Local authorities also rely upon the Mine financial state improvement.

The Mine leaders think the attracting of investor is not the end in itself. The collaboration with foreign partner will promote the strengthening of long-term economic ties and own positions in foreign coal market.