"North Kuzbass" does not have enough money for fuel.
The Kuzbass authorities held a meeting on the situation in North Kuzbass. At the end of October, the company stopped work on the open site of the Berezovsky mine due to a lack of funds for fuel. At the expense of this site, the salary obligations were partially paid during the year.
CEO Mikhail Luffy expects to sell coal from the warehouse and use the proceeds to resume work. To fully launch the company, the underground mining needs to be restored, but the owner has no money. The management is looking for investors, but does not give specific dates.
Since June, the company has had a bankruptcy supervision procedure. According to the temporary manager Konstantin Matuligin, a meeting of creditors is planned in December-January. It is expected that a decision will be made on the transition to bankruptcy proceedings.
The regional government emphasized that the regional budget cannot pay salaries to employees of a private enterprise.