Ukraine: Metinvest not interested in Mariupol port
Metinvest Group of Companies is not interested in buying the Mariupol sea trading port, in case the state decides to sell it.
Metinvest Group of Companies is not interested in buying the Mariupol sea trading port, in case the state decides to sell it.
Metinvest, Ukraine’s largest private mining and steel group, has refused to rule out writing off part of its debt which is to be restructured, Group CEO Yuri Ryzhenkov said.
The Ukrainian mining-metallurgical sector is in decay. The leading companies are balancing on the edge of profitability. First of all, because of the problems with raw materials deliveries due to the military activity in the East. Iron ore extraction tax also affects this. For the past 1.5 years it has grown 20 times.
The largest metal-mining company of Ukraine Metinvest renewed its iron ore supplies to Alchevsk Iron and Steel Works after it was relaunched in June.
Metinvest Group of Companies has applied to the Anti-monopoly committee of Ukraine asking for permission to purchase the Dneprodzerzhinsk By-product Coke Plant, owned by the Russia-based Evraz.
Metinvest is negotiating with the so-called Donetsk People’s Republic about the work of its companies there and pays taxes to the separatists, said the Donetsk region military-civilian administration chairman Pavel Zhebrivsky.
The largest Ukrainian mining and metal company Metinvest has said that its enterprises are operating under Ukrainian law and its Khartsyzsk Pipe Works and Yenakievo Iron and Steel Works (both based in Donetsk region) have been re-registered in Ukrainian controlled Mariupol, and has expressed hope that VAT for exported goods will be refunded.
State Safety Service has stopped the VAT-reimbursement to Metinvest-Ukraine, Khartszysk Pipe Works and Yenakievo Iron and Steel Works, belonging to Rinat Akhmetov.