Ukraine: Groysman supports introduction of temporary moratorium on bankruptcy of coalmines

Prime Minister of Ukraine Volodymyr Groysman has supported the introduction of a temporary moratorium on the bankruptcy of coal mining enterprises. “The norm on the moratorium on bankruptcy should be temporary to conduct restructuring, because I believe that some people dishonestly exploit Ukrainian legislation to block the work of Ukrainian mines. I support, and I…

Ukraine: Metinvest warns against illegal use of its property in uncontrolled areas

The Metinvest mining and metal group has warned individuals and legal entities that are both residents and nonresidents of Ukraine against the illegal use of its property remaining at the enterprises in the non-controlled territory (NCT) that have taken over by representatives of the so-called “Donetsk People’s Republic” (DPR) and “Luhansk People’s Republic” (LPR). The…

Russia: coal exports up in Q1 2017

In January-March Russian coal exports climbed by 7% YoY, to 43.591 million tons, the Ministry of Energy statistics said.

In March Russia exported 15,489,400 tons of coal.

Coal production in January-March totaled 99,352,200 tons including 91,272,200 tons supplied. (Portnews/Ukrainian metal)

Uzbekistan: Almalyk Works starts developing the “Dalnee” deposits

Almalyk Mining and Processing Works has embarked on the most ambitious investment project of the Program of measures on structural reforms, modernization and diversification of production for 2015-2019 at JSC “Almalyk MMC” – “Development of “Dalnee” deposit”. On March 1, President Shavkat Mirziyoev signed a Resolution “On measures on expansion of production facilities of JSC…

Russia: Chukotka mining down in Q1 2017

In January-March companies in the Chukotka Autonomous District mined 5.588 tons of gold and 32.873 tons of silver. Gold output dropped by 17.8% YoY, or by 1.215 tons, silver – by 10.4%, or by 3.84 tons. The decrease is caused by the targeted drop of output at the gold-silver deposits of Kupol and Dvoynoye, belonging…

Ukraine to stop buying steam coal from Russia

Ukraine in the conditions of halting supplies of anthracite from areas that are not under control of the government in the anti-terrorist operation (ATO) zone would cut consumption of anthracite and will cover its shortage thanks to diversified imports, refusing to ship coal from Russia, Ukrainian Prime Minister Volodymyr Groysman has said. “Of course, we…

Russia: Raspadskaya to decrease debts

In H2 2017 Raspadskaya will clear $170-180 million of its debt and could ponder the long-term clearing during the year on the background of high coal prices. “We want to clear some $180 million of Raspadskaya debt. If there is enough free money, we could clear it quicker”, the company CEO Sergey Stepanov said. As…

Ukraine: state miners waiting for 410 million UAH of salary

Salary debts to state miners total 410 million UAH.

According to the chairman of the Independent Miners Union Mikhail Volynets, unions are negotiating clearing the debts with the officials.

This debt equals a monthly salary fund. The debt accumulated in 2015 and 2016.

Officials promised to help. (Ukrainian metal)