The High Commercial Court has appointed Ivan Gusar the official liquidator of the gold mining company Zakarpatpolymetally. Gusar has been an arbitrary manager for 15 years. On February 16, 2010 the Commercial Court of Zakarpatye region declared the company bankrupt. Zakarpatpolymetally was founded on the basis of Muzhievsky gold and polymetal mine and started mining…
The Eurasian Economic Commission has stopped its compensatory investigation on ferrosilicomanganese originating in Ukraine and imported to the Customs Union. “The inner market protection department has decided there was no basis for the implementation of the compensatory duty in respect of ferrosilicomanganese originating in Ukraine and imported to the Customs Union”, said the department in…
In January-May Ukraine mined 16287.1 thousand tons of coal, up by 1.5% YoY, or by 238.6 thousand tons. Coking coal output increased by 11%, or by 367 thousand tons, to 3702.7 thousand tons, while that of power-generating coal went down by 1%, or by 128.4 thousand tons, to 12584.4 thousand tons, all YoY. The Ministry…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 431 431 376 376 April 431 431 376 376 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the…
Dneprovsky Iron and Steel Works has been failing to meet its targets for 5 months in a row because of the lack of raw materials caused by problems with delivery from Donbass. In mid May the shortage of raw materials was almost critical and the works entered summer with only one operating blast furnace. “We…
Energomashspetsstal will produce a large batch of ingots for two German companies. The total weight of the billets will reach 1330 tons. “We will produce 610 tons of wares for ThyssenKrupp Rothe Erde and 720 tons of ingots for SSK von Schaewen”, said the company in its statement. The ingots will serve as the basis…
The index committee of Ukrainian Stock Exchange has excluded Azovstal Iron and Steel Works and Avdiivka Coke and Chemical Works shares from its main index. The decision was taken following the transformation of the companies from public to private ownership. (Ukrainian metal)
Last year a group of Ukrainian scientists and DTEK specialists started working on the project of overcoming the difficult and dangerous mine opening. The group had to make course through the Bogdanovsky dislocation with a break in continuity – the gigantic crack in the rock 50 km long – to the new coalbed. The shaftmen…