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.
In January-July the Ukrainian metal industry received 14.3 billion UAH of losses, up by 15.3% YoY, or by 1.9 billion UAH.
Ukrainian thermal power station coal reserves grow daily by 20 thousand tons and have reached 1.6 million tons, said the energy and coal industry minister Vladimir Demchishyn.
From September 7 to September 14 DTEK increased coal stocks at its thermal power stations by 64.7 thousand tons.
The Ukrainian mining-metallurgical sector is in decay. The leading companies are balancing on the edge of profitability. First of all, because of the problems with raw materials deliveries due to the military activity in the East. Iron ore extraction tax also affects this. For the past 1.5 years it has grown 20 times.
In August Ukraine exported $169.2 million worth of steel semi-finished products, with imports on the level of $0.61 million.