On March 5, the state enterprise Dobropolyevuhillya-Dobycha ordered “Nautilus” Mining Company LLC services on coal extraction valued at 54.89 million UAH. The tender in Prozorro.Sales system was held at the second attempt, as the preliminary agreement for 54.96 million UAH, concluded with the same company on February 12, was canceled. The contractor will be operating…
In 2023, the consolidated net loss of Metinvest B.V. (the Netherlands) totaled $194 million, down 11-fold YoY. Revenue dropped by 11%, to $7.397 billion, and EBITDA – by 54%, to $861 million. Metal sector revenue decreased by 15.2%, to $4.846 billion, and mining – by 0.8%, to $2.551 billion. Corrected EBITDA of metal division fell…
Since the start of the year, Metinvest Pokrovskvuhillya has already extracted 1 million tons of coal. Despite the proximity of the frontline, the miners continue to operate at all four sites. On February 21, the company commissioned the 11th coalface with the length of 242 meters. Its reserves amount to 993 thousand tons. Miners intend…
On March 16, one of the mines in Donetsk region suffered an equipment breakdown. At the time, 31 miners were working in the mine. They were notified of the emergency. The equipment was restored within an hour. (Ukrainian metal)
In 2023, net profit of the aluminum monopoly Rusal collapsed 6-fold YoY due to the drop in prices despite the growth in sales after the company reoriented to Asia. Rusal was hit by direct Western sanctions in 2022 following the Russian invasion of Ukraine. Last year, Rusal sales increased by 6.6%, to 4.15 million tons,…
The United Mining and Chemical Company has lately concluded contracts to supply 80 thousand tons of ilmenite to end customers in the EU and agents in the USA. According to the company’s post on Facebook, despite the risk of the wartime, last year it was able to sell more than 102 thousand tons. Scheduled sales…
Due to military activities, substation equipment in Donetsk region was shut down resulting in the loss of power to almost 8 thousand household consumers and a mine. According to the Ministry of Energy, there were 5 miners underground during the shelling. The mine is being supplied with energy via a generator. (Ukrainian metal)
In January-February, Oktyabr Railroad (the oldest railroad in Russia, connecting St. Petersburg with Moscow) transported 185.4 thousand TEU, up 1.8-fold YoY. In particular, transportation of non-ferrous metals decreased by 12.8%, to 1 thousand TEU. At the same time, transportation of ferrous metal grew by 10%, to 430 containers. (Ukrainian metal)
