In 2017 the Cabinet of Ministers plans to spend 1.8 billion UAH from the state budget to finance the state sector of the coal industry. “We will have money to restructure mines and support miners. On one hand, we will be restructuring mines, on the other we will be supporting the industry”, said Ukraine’s Prime…
In August bulk 6% moisture coke output increased by 1.2% MoM, or by 13 thousand tons, to 1085 thousand tons. In January-August Ukraine produced 8653 thousand tons of coke, up by 17.6% YoY, or by 1297 thousand tons. (Ukrainian metal)
Month Russian market, $/t, EXW, without VAT, $1/RUR67.05* min max June 504 587 July 527 614 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
In January-August Russia increased primary aluminum output by 1.5% YoY, with aluminum-based alloys output up by 11.8%. According to the Federal Service of State Statistics, aluminum foil output dropped by 12.4%, but that of rods and sections went up by 2.6%, plates, sheets, strips and bars – by 13.2%. (Ukrainian metal)
The Ministry of energy and coal industry ponders the opportunity to have an open tender to import uranium ore, according to the ministry head Igor Nasalik. “We’re discussing the possibility of a tender to buy uranium ore, as we believe that it is sold at too high prices”, he said. The ministry is also discussing…
Month Russian market, $/t, DDP, without VAT, $1/RUR67.05* Ukrainian market, $/t, without VAT, DDP, $1/UAH24.798* min max min max June 720 975 810 930 July 710 980 830 930 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.07.16 according to the National Bank of Ukraine and the Central Bank of the…
As of September 21, salary debts to the employees of the state coalmining companies have reached 550 million UAH, according to the energy and coal industry minister Igor Nasalik. He added that without 1 billion UAH planned in the state budget for 2017 it would be impossible to stabilize salary payments next year. (Ukrainian metal)
Shareholders of Zaporozhye Iron Ore Complex have renewed its supervisory board, having dismissed three out of four members and replacing legal entities with individuals. According to the company statement, Minerfin A.S., owning 51.1698% of the company shares (Slovakia), KSK Consulting A. S. (19.0632%, Czech Republic) and the former Zaporizhstal commercial director Vladimir Bayda have left…
