The minister of energy and coal industry of Ukraine Igor Nasalik has dismissed Alexei Potanin from the office of the acting general director of Lisichanskugol. According to the company statement, Potatin has been in the office since mid-June, following Boris Perepelitsa, who has been in charge for some 3 months. Lisichanskugol mines energy-generating coal and…
After 2 years of idleness Zaporozhye Aluminum Works has resumed the operation of it’s aluminum wire rod line. The shop started producing 9.5, 12.5 and 15.1 mm aluminum wire rod of A7E and A5E 15-20 kg aluminum ingots. On the first day the works produced 40 tons of wire rod. The manufacturing capacity of the…
The Dniepropetrovsk Commercial Court of Appeals has refused to satisfy the appeal of Interpipe Niko Tube as to the decision of the Commercial Court of Dniepropetrovsk region of June 6. According to the decree, the company being a guarantor has to pay Alfa-Bank 1.2 billion UAH of loan debt of Nizhnedneprovsk Tube Plant. (Ukrainian metal)
Russian billionaire businessman Viktor Vekselberg is weighing the purchase of a stake in aluminum giant UC Rusal from Mikhail Prokhorov’s Onexim Group, Vekselberg said. The acquisition is being “seriously considered”, Vekselberg noted, declining to give any details on the terms of a potential deal. Onexim made informal approaches this year to sell its 17% stake…
The minister of energy and coal industry Igor Nasalik has not cleared all the salary debts to state miners by the Miners’ Day. He promised to do this in mid-July. As of August 31, the employees of at least one mine haven’t received their salary, those of Novovolynskaya No. 10, who have blocked the road.…
On September 1, Metinvest created the operational directorship on the basis of its mining and metal divisions. “Thus the group completes the process of creating the vertically integrated structure of the company under the Technological strategy of 2010”, Metinvest reported. The main goal of the transformation is the better cooperation of mining and metal assets,…
In January-June Chelyabinsk Zinc Works received 12.53 billion RUR of profits, up by 4.11% YoY. The company gross profits dropped by 4% YoY, to 3.64 billion RUR, while its net profits decreased by 40.72% YoY, to 1.85 billion RUR. According to the company statement, the net profits drop was the result of the zinc and…
The State Property Fund of Ukraine will try to sell 37.578% of Lviv Coal Company again. According to the fund statement, the shares will be put up for sale on September 27, at the Ukrainian Stock Exchange with the starting price of 41.34 million UAH. SPF tried to sell the Lviv Coal Company shares in…