As of January 11, CIS hot-rolled coils cost $245-265 per ton FOB Black Sea, as opposed to $245-260 on December 28, 2015.
The state enterprise Lvivugol will receive 20 million UAH, said the Ministry of energy and coal industry in its statement. Money was transferred on January 13.
Several Ukrainian mines and one processing factory will be sold to a Switzerland-based company without any connection to coal industry.
Metinvest continues to reregister its companies from Ukraine-uncontrolled territories of Donbass in Mariupol.
The Cabinet of Ministers of Ukraine has accepted the usage of budget funds to increase capital stocks of mining companies in order to clear salary debts to miners.
A Lugansk region mining company has been suspected of tax evasion (4 million UAH).
A major shareholder of Dnepropetrovsk Iron and Steel Works named after Komintern (Kominmet) has sold his 22.4865% shares.
The Cabinet of Ministers plans to settle the matter of clearing salary debts to miners.
According to the Ministry of energy and coal industry, at the end of 2015 Selidovugol, Lvivugol, Nadezhda mine among others received new directors. This change of management is a part of the ministry program to optimize mining companies operation.
Dneprovsky Iron and Steel Works named after Dzerzhinsky plans to increase rolled metal, rebars and wire output in 2016.
Because of the Chervonograd Processing Factory, 63% of which is privately owned, Lviv mines cannot work full time, said Lvivugol acting CEO Andrei Dyachenko.
If the state supports Lvivugol with 480 million UAH in 2016, the enterprise will be able to work without losses in 2017.
In January Dneprovsky Iron and Steel Works named after Dzerzhinsky started producing a new type of channel – #5U according to DSTU 3436 and GOST 8240.
In 2015 Ukrainian mines yielded almost 39.7 million tons of coal, down by 38.8% YoY.
The Ministry of energy and coal industry intends to have cleared all Lviv region miners’ salary debts by January 20.
Chervonograd Prosecutor’s Office has opened a criminal case on the basis of unpaid salary to miners.
In 2015 DTEK Dobropolyeugol mined 3.4 million tons of coal of the target 4.7 million tons. Thus the company ended the year with the net loss of 950 million UAH.
In 2015 Ukraine mined 39.75 million tons of power-generating and coking coal, down 1.6 times YoY.
In 2016 Ukraine will go on with its policy of limiting gold, silver and anthracite exports.
On January 11, Lviv region miners from Stepnaya mine resumed their strike demanding to be paid their salary.
In 2015 Dneprovsky Iron and Steel Works named after Dzerzhinsky is expected to increase its EBITDA almost four times YoY, to $41 million.
Cave-in of the mining roof at the Lviv-Volyn coal basin took the life of 2 miners.