The court allowed selling the property of the state enterprise Volynugol because of its debts, as it had not been paying land tax. According to the head of the State Fiscal Service department in Volyn region Svetlana Savchuk, despite the 4.5 billion UAH payments to the budgets of all levels in January-October, there is a…
German cartel office has granted Interpipe and Vallourec the right to create the joint venture in Europe. The decision was taken on October 26, and published on November 5. The companies appealed for the JV creation on October 4. In Germany Vallourec owns Rath, Reisholz, Milheim an der Ruhr and 20% in Huttenwerke Krupp Mannesmann.…
Vysochaishiy (GV Gold) has completed the deal on advance purchase of 5.26% of its shares from the European Bank for Reconstruction and Development. The shares were transferred to Sakha GoldMining. The final payment was $39 million. The total cost of the shares was $62 million. According to the agreement signed in December 2015, EBRD was…
Uchaly Mining and Processing Works is finishing the modernization of the electricity consumption automated monitoring system. This is the first stage to implement the automated system of energy resources usage monitoring. Over 300 new devices to control and monitor electricity consumption have been assembled in the shops. The company intends to decrease electricity consumption by…
In January-October Ukraine imported 15.082 million tons of coal valued at $2.151 billion. According to the State Fiscal Service, Russia supplied $1.198 billion worth of coal (55.7%), USA – $546.822 million (25.42%), Australia – $116.423 million (5.41%) and other countries – $289.782 million (13.47%). At the same time Ukraine exported $48.741 million worth of coal…
USA have imposed preliminary antidumping duties on the import of steel wire from Ukraine, as well as Italy, South Korea, South Africa, Spain, Turkey and UK. Preliminary duty is set from 2.8% to 142.26%. Final size of the duty will be announced on January 8, 2018. At the same time, the final decision on Turkey…
The main way of producing steel in October was oxygen-converter method, accounting for 71.7% (1.36 million tons out of 1.896 million tons). Then comes open-hearth furnace with 22.12% (419 thousand tons), followed by electric arc furnace (6.18%, 117 thousand tons). In January-October oxygen-converter shops produced 12.3 million tons of steel out of 17.7 million tons…
The state enterprise Vostochniy Mining and Processing Works has ordered Temp LLC the transportation of uranium ore valued at 9.8 million UAH. Until the end of the year the company will have transported 70 thousand tons of uranium ore from the Novokonstantinovskaya mine to Ingulskaya mine and 20 thousand tons of aggregate (inert materials) back.…