According to Deloitte’s list of 500 largest Central European companies in 2014, Interpipe received 14.5 million euro of net profit, though it finished 2013 with 55.2 million euro of losses. Interpipe’s income last year fell by 32.5%, to 770.5 million euro, which landed the company on place 274 from 160.
Ukrainian export prices are down by $23-59.
Dobropolyeugol coal extraction in January-July missed the targeted results by 31%, with coal losses exceeding 700 thousand tons.
The Court of the Donetsk region made a decision to recover 900 thousand UAH from the Mariupol Ilyich Iron and Steel Works for air pollution.
In August Ukraine imported $22.82 million worth of manganese ore.
DTEK tries to take its anthracite coal from warehouses in Donetsk and Lugansk regions, and not import it.
Poltava Mining and Processing Works (PGOK) is on top of the CIS manufacturers and exported of iron ore pellets as of January-August with 7658 thousand tons.
Additional stocks of coal at mines total 400 thousand tons, said the fuel and energy minister Vladimir Demchyshin.
The Space Heroes Mine Group has put a new long face into operation. Its industrial reserves are estimated at 561 thousand tons of coal. It is planned to extract 1900 thousand tons of coal per day from this long face. Thus the reserves would last for a year.
Metinvest, Ukraine’s largest private mining and steel group, has refused to rule out writing off part of its debt which is to be restructured, Group CEO Yuri Ryzhenkov said.
The State Finance Inspection of Ukraine is going to check the financial activities of the four companies by the order of the Ministry for economic development and trade.
In January-August Ukraine produced 568.2 thousand tons of steel pipes, down by 44.4% YoY.
Ukrainian export prices are down by $15, Russian – by $10-15.
Ternovskaya mine has put the new 342 long face into operation with capacity of 220 thousand tons of coal.
On September 18 the shares of the UK-based mining company Ferrexpo with assets in Ukraine fell at the London Stock Exchange after the news of the company losing access to its money in the Finances and Credits bank in Kiev. The bank is owned by Ferrexpo majority shareholder Konstantin Zhevago.
Ukrainian export prices are down by $15.
Ferrexpo had $174 million at the Finances and Credits bank, that had been named insolvent.
In August Ukraine exported $136.31 million worth of iron ore, with imports on the level of $7.28 million.