Ukraine expects the European Union to cancel the antidumping duty on the import of steel ropes after almost 19 years, the deputy economy development and trade minister, the trade representative of Ukraine Natalia Mykolskaya wrote on her Facebook page. She noted, these were the last antidumping measures against Ukrainian export to EU. “These measures resulted…
The mine named after Zasyadko in the pro-Russian terrorist-occupied Donetsk resumed operation after shelling. “The energy supply to the mine has been restored, the miners started working”, the separatist media report. The mine was cut off from electricity on January 31, following intense shelling. Some 200 miners remained underground. During the day they have all…
The salary debts to state miners decreased by 83%, to 36.9 million UAH as of January 1. According to the Ministry of energy and coal industry, the debts decreased by 75.5% YoY, or by 111.66 million UAH. On the whole as of January 1, the state enterprises managed by the ministry and situated on the…
Steelmaker Severstal, controlled by Russian tycoon Alexei Mordashov, expects possible government claims to amount to about $400 million of taxes on dividends transferred to the British Virgin Islands through Cyprus companies in 2009-2015. The company said that the figure was based on 2015 changes in the law on controlled foreign corporations aimed at regulation of…
Russian oil and gas pipe maker TMK plans to sell 139 million common shares at 75 rubles per paper during a secondary public offering (SPO) to raise about 10.417 billion rubles from the placement, the company said in a statement. Earlier TMK said it launched the SPO to offer up to 139 million common shares…
The state enterprise Lvivugol has received 14.7 million UAH for the sale of coal. “All the money was spent to pay salary to miners. They have received their December 2016 salary in full”, the energy and fuel department of the Lviv state regional administration reported. (Ukrainian metal)
Following Taiwan that in mid-January announced it would join the consultations between Japan and India on the Indian steel imports limitations, Ukraine and Russia decided to do the same. According to Russia, the import limitations, imposed by India in 2015-2016, resulted in the decrease of Russian exports to India by 38% YoY in 2016, to…
Yakutugol, a part of Mechel, has purchased two new excavators EKG-18 for the operation at its Neryugrinsky mine. The new machinery was purchased within the program of technical modernization of the enterprise. The cost of the two machines is around 1.2 billion rubles. The first excavator will be put into operation in March. The excavators…