Ukraine: AMKR launches engineering and geological research at the site of LF-CC 2

ArcelorMittal Kriviy Rih launched geological engineering survey at the construction site of future LF-CC No. 2. On January 3, R&D Institute Mekhanobrchermet commenced the works; the first wells have been drilled at construction site. The plan is to drill approximately 50 wells in January, thus to receive accurate information about geological conditions of the site…

Ukraine: terrorists claim 47% of coal taxes

Terrorists of the so-called Lugansk People’s Republic receive 47% of the anthracite supplied from the occupied part of Donbass to the state power company Centrenergo as “taxes”, the State Security Service of Ukraine reports. “From the money received for supplying coal the minister of fuel, energy and coal industry of the LPR pays 47% to…

Ukraine: scrap exports facilitated

Ukraine’s Cabinet of Ministers has facilitated exports of scrap ferrous and nonferrous metals, revoking the registration of foreign economic contracts related to transactions with scrap metal. The amendments were made to some government resolutions in resolution No. 1035 dated December 28, 2016. The resolution also annuls some previous government resolutions. “The government has relaxed the…

Ukraine: VAT reimbursement in 2016

The largest recipient of VAT refunds in 2016 was ArcelorMittal Kriviy Rih, which received 8.03 billion UAH, the State Treasury Service has said. According to its data, it is followed by Mariupol Ilyich Iron and Steel Works with 3.77 billion UAH and Azovstal with 3.46 billion UAH. Among other major VAT refund recipients are Poltava…