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Brown Coal Will Be Sold On E-Auctions

Ukrainian Energy Stock Exchange is the winner of a tender for stock exchange trade with coal goods by the Ministry of Economic Development and Trade of Ukraine. Therefore, the Ukrainian Energy Stock Exchange starts test electronic exchange auctions for buying and selling of coal goods.
 
Electronic exchange trade operations with coal goods are conducted according to the Concept of Transition to Stock Market Sale of Coal adopted by the Decree of Cabinet of Ministers No. 1070-p as of October 26, 2011, in order to create a transparent exchange market for coal products and provide market-based prices for it .
 
All manufacturers, suppliers and consumers of coal goods (anthracite, coke, brown coal, steam coal, sludge, coal mixture) are allowed to participate in electronic exchange based on the electronic trading system by the Ukrainian Energy Exchange.
 
October 23, the Ministry of Economic Development and Trade chose eight commodity exchanges (electronic stock exchanges) to organize and conduct electronic exchange trading for coal goods.
 
According to the report, winners of this contest are the following: Perpektiva- Commodity Stock Exchange, Ukrainian Energy Exchange, Ukrainian Universal Exchange, Kiev Agricultural Exchange, Ekaterinoslavskaya Commodity Exchange, Donetsk Mercantile Exchange, Innex Commodity Exchange and Interbank Currency Exchange.
 
Exchanges winning the contest within three months from the publication of the results by the Ministry of Economy shall hold electronic exchange auctions for coal goods. 
According to the results of the test electronic exchange, the Economy Ministry will determine the final list of commodity exchanges, which will be entitled to trade coal.