In January-June Metinvest B.V. (the Netherlands), parent company of the international vertically integrated mining and metallurgical group Metinvest, received EBITDA of $620 million, down by 63% YoY.
The Ministry for energy and coal industry has almost completed the list of objects that it seems necessary to be sold. Among them is the state enterprise Krasnolimanskaya Coal Company.
Zaporizhstal doesn’t employ migrants from the temporarily occupied territories, said the Zaporozhye region job center director Irina Dudnik.
Employees of the Khartsyzsk Pipe Works (KhTZ) went on a strike protesting against the closing and disassembly of the works.
Metinvest, owner of the number of Ukrainian works, including Zaporizhstal, threatens to stop them.
Paramjit Kahlon, the ArcelorMittal Kriviy Rih CEO, has been elected a member of the European Business Association.
Nikolai Martynenko, the head of the Parliament Committee on the Fuel and Energy Complex, has negated the information that Vostochy Mining and Processing Works has been buying uranium via a fake Austrian firm.
Miners union is displeased with the meeting with the minister for energy and coal industry Vladimir Demchyshin.
In October Ukraine consumed 4.56 million tons of black coal, up by 13.4% MoM.
In 2016 Lvivugol could receive 436 million UAH for mines modernization and 480 million UAH for coal cost price covering.
In October Ukraine mined 2.7 million tons of black coal, up by 17.7% YoY.
The head of the Energoatom state enterprise Yuri Nedashkovski asks the Cabinet of Ministers of Ukraine to check the information about VostGOK abuse when selling uranium to the company.
In October Ukraine produced 999 thousand tons of steel, without continuous cast semi-finished products, down by 4.5% YoY.
Russian embargo on Ukrainian products will mostly affect agriculture and metal sector.
In January-October Ukraine decreased its industrial output by 15.4% YoY.
Metinvest negotiations with its creditors about the $3 billion debt restructuring are slow and ineffective, say the banks.
Vostochny Mining and Processing Works wasn’t able to buy 15.31 million kWh for December.