Ferrexpo claims it needs more time to prepare a financial report for 2023 due to court proceedings against its daughter company Ferrexpo Poltava Mining. The proceedings were announced on March 11. The group promises to make all additional announcements on the report as needed. A court sitting on Ferrexpo Poltava Mining, scheduled for March 12,…
Lviv hosted a meeting of ArcelorMittal Kryvyi Rih top managers with representatives of the European office at the latter initiative. AMKR will receive EUR 200 million to prepare to relaunch manufacture. The company was also set task to launch all the manufacturing sites in the near future except for the blast furnace No. 9. All…
The National Anti-Corruption Bureau is checking whether the state United Mining and Chemical Company has been exporting titanium to Russia when Dmytro Sennychenko was the head of the State Property Fund. “The pre-trial investigation is underway. We are looking for people connected to the operation of this criminal organization, as well as conditions of when,…
Despite the war with Russia, state mines continue increasing output. Thus, while in January coal output totaled 178 thousand tons, in February it grew by 8.2%, to 194 thousand tons. According to the Ministry of Energy, in the beginning of the full-scale Russian invasion in March 2022 coal output was 173 thousand per month and…
The U. S. Department of Commerce has announced final results of reviewing antidumping duty on rebars from 7 countries: Ukraine, Belarus, China, Indonesia, Latvia, Moldova and Poland. The department found out that cancellation of the duty would result in dumping. The duty for Ukraine was set at 41.69%, for Poland – 52.07%, for Latvia –…
The United Mining and Chemical Company JSC losses amounted to 311.6 million UAH ($8.2 million) in 2023, down from a profit of 163.1 million UAH ($4.5 million) a year earlier. Net loss was 481.3 million UAH ($12.7 million). Undistributed profit (uncovered loss) totaled minus 651.428 thousand UAH, up by 298.36%. Gross income dropped by 20%.…
The State Committee for National Security of Kyrgyzstan announced detention of the heads of commercial firms controlled by a crime boss Kamchybek Asanbek (Kamchi Kolbaev), which provided catering services at Kumtor mine. In connection with the detention, Kumtor Gold Company CJSC commented that Grand Electronics Staff LLC was hired to provide services during the period…
Romania would not have to pay any compensation to the Canadian mining company Gabriel Resources for stopping the gold mining project at Rosia Montana, the International Center for Settlement of Investment Disputes in Washington (ICSID) decided on March 8. Romania’s Government issued a statement confirming the outcome of the case on March 9. The verdict,…