ArcelorMittal Kriviy Rih, the largest mining and smelting company in Ukraine, is the key investor of a construction project of the modern Сancer Сenter in Kriviy Rih. According to the signed three-party Memorandum with authorities the company will finance the project amounting to UAH 400 million (an equivalent of Euro 15 million), as well as…
Prime Minister Denys Shmyhal said the government transferred UAH 654 million ($26.2 million) to pay off debts on wages to miners. “We agreed and the president promised at the All-Ukrainian Miners’ Meeting to pay off half of the debts in March. Indeed, yesterday and the day before yesterday UAH 654 million were transferred to the…
In February Russia mined 32.6 million tons of coal, down by 6.6% YoY. Deliveries to the domestic market grew by 1.4%, to 15.82 million tons, while exports fell by 12%, to 12.68 million tons, and imports increased by 3%, to 1.69 million tons. In January-February coal output decreased by 7.5% YoY, to 66.54 million tons.…
Steel wire shop of Uzbekistan Iron and Steel Works successfully met all the manufacturing targets in February. The shop produces wire with the diameter of 1.8, 2, 2.8, 3, 4, 5, 6.3 and 8 mm, which is in high demand. In February wire rod manufacture totaled 849 tons. Metal wares and electrode sites of the…
In 2016-2019 coal mines decreased output more than 2-fold, while grants for each ton of coal grew almost 3.7-fold. “State mines decreased coal output from 6.7 million tons in 2016 to 3.5 million tons in 2019. At the same time grants went up from 246 UAH per ton to 908 UAH”, the press-service of the…
In 2019 Metinvest decreased net profit 3.5-fold YoY, to $341 million. According to the group, revenue dropped by 9%, to $10.757 billion, and EBITDA – by 52%, to $1.213 billion. Capital investments grew by 17%, to $1.055 billion. Total debt increased by 11%, to $3.032 billion, with net debt up by 12%, to $2.758 billion.…
Mariupool Ilyich Iron and Steel Works received the largest VAT reimbursement in February among metal and mining companies – 604 million UAH (673 million UAH in January). According to the State Treasury, it is followed by ArcelorMittal Kriviy Rih with 579.68 million UAH (675 million UAH). Azovstal received 421 million UAH (1.26 billion UAH), Zaporizhstal…
In January average salary in metal industry and the manufacture of metal wares grew by 14.6% YoY and by 2.9% MoM, to 13,838 UAH. According to the State Statistics Service, average salary in the industry increased by 17.2% YoY, to 12,177 UAH. Wages in mining dropped by 12.5%, to 10,727 UAH. (Ukrainian metal)