Another Russian terrorist missile attack of energy infrastructure on December 5 threatened massive power outages. Kriviy Rih miners have been returned to the surface from the shafts. The city was also bombed a night before with missiles targeting ArcelorMittal Kriviy Rih. (Ukrainian metal)
Russian invaders intend to shut down most of the mines on the temporarily occupied territory of Donbas. “This has to do with the mobilization of more than half of employees,” the Lugansk regional military administration has said. Those who remain are told by the occupiers that it is inefficient to retain non-working enterprises. According to…
Metinvest has announced a buy back of its Eurobonds with maturity on April 23, 2023 valued at $70 million for 70% to 80% of their nominal price. The group highlights that it intends to service its debt, but the ongoing war and unstable prices for Metinvest products create unprecedented problems for its operation. At present…
In January-September, Interpipe Novomoskovsk Pipe Works received a net loss of 465.825 million UAH as opposed to a net profit of 248.25 million UAH in 9 months of 2021. Net income dropped by 67.7%, to 904.07 million UAH. Undistributed profit amounted to 98.684 million UAH. (Ukrainian metal)
In October, Ukrzaliznytsia transported 1.426 million tons of iron and manganese ore, down by 24.6% MoM and by 77.9% YoY. Export transportation grew by 0.7% MoM, to 971.8 thousand tons, accounting for 68%. Domestic transportation accounted for 32%, with 454 thousand tons transported, down by 13.6%. In particular, PGOK shipped 365 thousand tons, up by…
In 2021, Vatutino Refractory Combine decreased net losses by 25% YoY, to 47.192 million UAH. Undistributed profit amounted to 141.884 million UAH. Because of the last year losses, this year dividends will not be paid. (Ukrainian metal)
DTEK Energo will additionally supply 20 thousand tons of coal to state power plants. “In addition to 100 thousand tons of coal supplied previously, we will provide 20 thousand tons. 10 thousand tons have already been shipped, and 10 thousand more are being shipped at the moment,” the company said. On September 15, DTEK Energo…
Metinvest has reported emergency halts of its enterprises on November 21-27. Then Russian troops again shelled Ukrainian power plants and electricity supply system resulting in the power outage across the country. “Metinvest together with all other industrial enterprises operating in Ukraine have suffered, as for the first time since the launch of the full-scale invasion,…