In January-June Metinvest B.V. (the Netherlands), parent company of the international vertically integrated mining and metallurgical group Metinvest, received EBITDA of $620 million, down by 63% YoY.
The Ministry for energy and coal industry has almost completed the list of objects that it seems necessary to be sold. Among them is the state enterprise Krasnolimanskaya Coal Company.
Miners union is displeased with the meeting with the minister for energy and coal industry Vladimir Demchyshin.
In October Ukraine consumed 4.56 million tons of black coal, up by 13.4% MoM.
In October Ukraine mined 2.7 million tons of black coal, up by 17.7% YoY.
The head of the Energoatom state enterprise Yuri Nedashkovski asks the Cabinet of Ministers of Ukraine to check the information about VostGOK abuse when selling uranium to the company.
In October Ukraine produced 999 thousand tons of steel, without continuous cast semi-finished products, down by 4.5% YoY.
Russian embargo on Ukrainian products will mostly affect agriculture and metal sector.
In January-October Ukraine decreased its industrial output by 15.4% YoY.
Metinvest negotiations with its creditors about the $3 billion debt restructuring are slow and ineffective, say the banks.
Vostochny Mining and Processing Works wasn’t able to buy 15.31 million kWh for December.
The parliament has registered a decree to pay all debts and salaries to the state coal miners.
The new long face with 1.2 million tons of coal has been opened at DTEK Ternovskoye Mine Group. This will provide the miners with 2 years of work and 6 Ukrainian thermal electric stations with fuel.
The Industrial Union of Donbass (ISD) corporation doesn’t expect an aggressive recovery of its $60 million debt on behalf of the Cyprus-based Reachcom Limited, after the Ukrainian courts acknowledged the writ of the London International Arbitrary Court.
In January-September DTEK companies mined 21.4 million tons of coal, down by 25.6% YoY. Ordinary coal processing totaled 14.7 million tons, while concentrate manufacture fell to 8.9 million tons.
Implementation of the pulverized coal at Dneprovsky Iron and Steel Works named after Dzerzhinsky blast furnaces prevented the halt of the company, says the Industrial Union of Donbass (ISD) executive director Maxim Zavgorodny.
Last year Ukraine consumed 4.8 million tons of steel, down by 24% as compared with 2005.
In Q4 global market steel prices have fallen considerably.