Ukrainian companies in January imported coking coal for CAD 48.2 million ($36.2 million under the current exchange rate) from Canada, while in January 2016 no coking coal was imported, Canadian Ambassador to Ukraine Roman Waschuk reported. He said that British Columbia had large stocks of coking coal and production facilities. Supplies from the province could…
The privatization of the Chervonogradskaya central processing factory has been named illegal, and the Lviv regional commercial court of appeals returned its assets to the state ownership. After the privatization in 2008 and the creation of the Lviv Coal Company the state controlled 37.58% of shares in the new company, with 62% controlled by the…
Metinvest plans to finish restructuring debt on eurobonds and pre-export financing (PXF) and issue just over $1.971 billion in new bonds on March 22, the Ukrainian mining and metallurgical holding said in a statement filed with the Irish Stock Exchange. The holding will also complete the formalities for a new PXF facility worth $1.109 billion.…
On March 20, a working group on the liberalization of the coal market in Ukraine was created to fulfill an order issued by the Prime Minister of Ukraine Volodymyr Groysman. Vice Prime Minister Volodymyr Kistion was appointed head of the group, reads a report on the government’s website. “On March 9, under the chairmanship of…
Russian gold producer Polyus will sell an 82.34% stake in the Nezhdaninskoye gold deposit for $158 million to a company beneficially controlled by Ivan Kulakov, a former managing director of Highland Gold Mining, Polyus said in a statement on March 21. The payment will consist of two tranches: $100 million will be paid upon completion…
Magnitogorsk Iron and Steel Works has decided to modernize its continuous casting machine No. 6 and the 5000 plate mill in order to start producing hot-rolled metal of the 350 mm thick slab. The project, including modification, assembly and putting into operation, is expected to be finished this year. At present the CCM No. 6…
In 2016 the Russian Railways throughput dropped by 1% YoY, mostly because of the considerable decrease in coal transportation. 99% of the transit raw materials come from Kazakhstan, and last year they decreased by 24.4% YoY. On the other hand, this has been compensated for by the ferrous metals transportation from Kazakhstan, which increased by…
In February Ukraine exported $31.203 million worth of pig iron, with imports on the level of $0.223 million. According to the State Fiscal Service, the main importer of Ukrainian pig iron in February was Italy ($10.166 million). In January-February Ukraine exported $99.642 million worth of pig iron, while imports totaled $0.286 million. Pig iron exports…