The Cabinet of Ministers of Ukraine has accepted the usage of budget funds to increase capital stocks of mining companies in order to clear salary debts to miners.
A Lugansk region mining company has been suspected of tax evasion (4 million UAH).
A major shareholder of Dnepropetrovsk Iron and Steel Works named after Komintern (Kominmet) has sold his 22.4865% shares.
The Cabinet of Ministers plans to settle the matter of clearing salary debts to miners.
According to the Ministry of energy and coal industry, at the end of 2015 Selidovugol, Lvivugol, Nadezhda mine among others received new directors. This change of management is a part of the ministry program to optimize mining companies operation.
Dneprovsky Iron and Steel Works named after Dzerzhinsky plans to increase rolled metal, rebars and wire output in 2016.
Because of the Chervonograd Processing Factory, 63% of which is privately owned, Lviv mines cannot work full time, said Lvivugol acting CEO Andrei Dyachenko.
Centravis Production Ukraine has completed a requalification to supply stainless pipes to Abu Dhabi Gas Liquefaction Co Limited. The company was granted approval for the ordinary, tool and boiler pipes.
If the state supports Lvivugol with 480 million UAH in 2016, the enterprise will be able to work without losses in 2017.
The Lviv region council has addressed the President, the Prime Minister and the minister of energy and coal industry warning them of the situation at the state enterprise Lvivugol.
In January Dneprovsky Iron and Steel Works named after Dzerzhinsky started producing a new type of channel – #5U according to DSTU 3436 and GOST 8240.
In 2015 Ukrainian mines yielded almost 39.7 million tons of coal, down by 38.8% YoY.
The Ministry of energy and coal industry intends to have cleared all Lviv region miners’ salary debts by January 20.
Chervonograd Prosecutor’s Office has opened a criminal case on the basis of unpaid salary to miners.
In 2015 DTEK Dobropolyeugol mined 3.4 million tons of coal of the target 4.7 million tons. Thus the company ended the year with the net loss of 950 million UAH.