In September the volume of VAT reimbursement increased by 50.6% MoM, to 9.31 billion UAH. According to the State Treasury Service, among mining and metal companies Dneprovsky Iron and Steel Works received the most VAT reimbursement – 991.5 million UAH. It was followed by ArcelorMittal Kriviy Rih with 658 million UAH. Poltava Mining and Processing…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max July 346 418 August 346 379 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The energy-generating companies of the thermal power plants need 340 thousand tons of coal to meet the goal stipulated by the Ministry of energy and coal mining. In particular the companies are 160 thousand tons short of anthracite coals and 180 thousand tons of gas-generating coals. According to the stocking plan, as of November 1,…
The Smart-Holding CEO Alexei Pertin believes that the searches in the Kiev office of the company by the Security Service of Ukraine are an attempt to pressure the employees. “It’s unclear why it was necessary to come at weekends. They (SSU officers) broke the door, while they could have rung and they would have been…
Authorities of the Russia-supported terrorist-occupied part of Donbass can resume deliveries of coal to Ukraine if the Ukrainian side fulfils the political issues of the Minsk agreements. Because of the conflict in the East Ukraine lost access to most of its mines. The militants-occupied territories contain the most profitable mines, while Ukraine-controlled companies produce cheap…
Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.489* min max July 418 418 August 418 418 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.08.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
The new director of Volynugol Alexander Zorin could reorganize the enterprise, according to the Volyn regional state administration (RSA) chairman Vladimir Gunchik. He said Zorin had to prepare the reorganization plan by October 10-11. Then it will have to be approved of at Novovolynsk city council, Volyn RSA and the Ministry of energy and coal…
Norilsk Nickel announces the signing of a 13-year EUR 37,8 million credit facility agreement with Commerzbank AG under Euler Hermes cover. The proceeds will be used to finance 85% of the contract value for the construction of an electric power substation in Norilsk area. Thyssen Schachtbau GmbH acts as the general contractor of the project.…