Month Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max March 251 316 April 282 377 * – 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 Russian Federation. (Ukrainian Metal)
The Ministry of energy and coal industry head Igor Nasalik says coal price can still grow. “Coal price should meet European price. We seek to increase the price”, he said. According to him, the coal industry is suffering from the lack of financing. The ministry is working on state subsidies, management quality increase, but still…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Export, Ukraine, $/t, DAP Ukrainian border Export, Russia, $/t, DAP Russian border min max min max min max March 422 670 521 561 422 569 April 446 673 521 561 422 569 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to…
The Ministry of energy and coal industry intends to close down 11 state mines. “We will shut down 11 mines. We have chosen 15 mines and can make them profitable; after that we will privatize them”, said the ministry head Igor Nasalik. The remaining 7 most profitable mines will remain in the state ownership. Last…
Month Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max min max March 202 236 161 214 235 250 190 250 April 202 236 183 243 280 285 275 300…
Zaporizhstal has successfully passed power management system resertification audit to meet ISO 50001:2011. The audit was carried out by the Technical and management services company, a partner of TUV SUD. The auditors have marked the high level of power management and prolonged the certificate for 3 years. For the past three years Zaporizhstal was able…
In 2015 Metinvest decreased investments by 54% YoY, to $285 million. “The holding carried on with its investment projects in accordance with the technological strategy”, said the company in its statement. Metal and mining divisions received 48% of investments each. Due to the conflict in the region priorities moved to the supporting projects and those…
The Ministry of energy and coal industry supports the idea of implementing coal mining rent. “We do support this rent, but not at the moment – some time later”, said the minister Igor Nasalik. The ministry sees this idea as a way to finance profitless mines at the expense of highly profitable ones. “We take…