A Ukrainian court has put limitations on corporate rights of all Ukrainian daughter companies of Ferrexpo plc. The limitations concern 49.5% of shares of the daughter companies, except for TIS-Ruda LLC and Nova-Logistics LLC, where the limitations amount to 24.7% and 25.2% respectively. The limitations prohibit the transfer of share. Previously, the shares were frozen…
The first delivery of gold to the international market by Kyrgyzaltyn is expected in April. This was announced to journalists at a closed briefing by a high-ranking official from the presidential administration. He especially emphasized that the precious metal would be sold at the price of the London Stock Exchange at the time of delivery.…
In January-February, Ukraine procured 258.7 thousand tons of ferrous metals scrap, up by 70% YoY. In February, procurement totaled 140.4 thousand tons, with 118.3 thousands tons collected in January. Domestic consumption grew by 71.4%. Metal plants received 206 thousand tons as opposed to 120.2 thousand tons last year. As of March 1, scrap stocks were…
In January-February, Ukraine imported 83.056 thousand tons of coke and semi-coke, up 12.5-fold YoY. According to the State Customs Service, in monetary terms imports grew 10-fold, to $31.591 million. Coke exports totaled 5 tons valued at $1 thousand to Latvia (no exports in January and January-February 2023). The main supplier was Poland (97.71% in monetary…
In March, the miners of Pokrovskoye Mine Group yielded the first million tons of coal since the start of the year. The tunneling teams have prepared 2547 meters of mine workings. All the coal was processed by the Svyato-Varvarinskaya factory, producing 521 thousand tons of high-quality concentrate. (Ukrainian metal)
In February, Ukraine decreased pig iron exports by 10.2% MoM and by 27.9% YoY, to 127.63 thousand tons. According to the State Customs Service, revenue amounted to $47.91 million, down by 4.2% MoM and by 26.3% YoY. In January-February, pig iron exports totaled 269.8 thousand tons valued at $97.92 million, down by 13.6% and by…
In 2022, Ferrexpo decreased pellets manufacture from 12 million to 6.18 million tons. Last year, 4.15 million tons were produced. The drop is due to transportation problems. Around half of the group products were transported via the Black Sea ports to the Asian market. But in 2022, the way was blocked. (Ukrainian metal)
Mykolaiv Alumina Plant, used to belong to Rusal, has been transferred to the management of the State Property Fund of Ukraine. “The nationalization of another asset of the Russian oligarch Oleg Deripaska has been completed,” the Fund said. Deripaska has been controlling NGZ since early 2000s. This is one of the largest enterprises of the…
