Ukraine: YASNO finishes energy-servicing contract at CGOK 9 months earlier

YASNO has finished energy-servicing contract at the Central Mining and Processing Works 9 months earlier and transferred energy-saving equipment to the customer. 12 frequency converters, assembled at the ore-processing factory, have decreased energy consumption by 48.4%. In three years of operation this amounted to 9.2 million kW-h of electricity valued at 6.7 million UAH. The…

Ukraine: CGOK to invest 7 million UAH in Kriviy Rih district development

Central Mining and Processing Works has signed an agreement on the social and economical partnership with the Petrovsky district administration and the district council. Combined investments in the development of the district infrastructure, educational, sports and medical facilities this year will reach 7 million UAH. In particular, under the contract it is planned to repair…

Ukraine: State Fiscal Service has claims to Metinvest GOKs

On May 15, the Dnepr District Administrative Court opened a case on the Severniy Mining and Processing Works demanding the Office of major taxpayers of the State Fiscal Service to cancel its decision to increase income tax by 112.8 million UAH. Central GOK sues the office because of the tax increase by 106.1 million UAH.…