History
Production at the mine began in 1958, which makes Zasyadko one of the newest and best-equipped mines in Donbas coal region and the whole Ukraine. Since foundation, the mine is named after Alexander Zasyadko, one of the Soviet Ministers of Coal Industry.
In 1992, Zasyadko Mine was turned into a "rented enterprise" (practically privatised by the employees) together with several auxiliary industries. Yukhym Zvyahilsky, the then-manager of the mine and influential local businessman, retained his post and gained informal control of the new company's assets. Mr. Zvyahilsky has been the acting Prime Minister of Ukraine for a short time in early 1990s and a member of the Verkhovna Rada (parliament) of all convocations. He is known as an influential member of the ruling Party of Regions.
Today, Zasyadko is one of the most successful companies in Ukraine's crumbling coal industry, able to support high volumes of coal excavation and maintain stable salaries for the miners. As of 2003, the company produced 4 million tonnes of coal. It has also expanded into other fields of local industry and commerce.
Read more about this topic: Zasyadko Coal Mine
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