Ukraine: militants to partially clear salary debts to miners

The chairman of the self-proclaimed Donetsk People’s Republic Alexander Zakharchenko has set up a program on partial clearing of the salary debts to miners of the state enterprises Artemugol (Gorlovka) and Ordzhonikidzeugol (Yenakievo). According to Zakharchenko’s order, the so-called ministry of finances will provide 182 million rubles for the cause. Coalmining in Gorlovka stopped in…

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Russia: Vysochaishy to get state support

The Vysochaishy Company intends to get the state support from the Ministry of economical development for the investment projects in the Baikal region. The company wants to get into the list of regional projects participants by submitting an inquiry to the ministry of the economical development of the Irkutsk region. The Vysochaishy project deposits are…

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Russia: Kolskaya Company modernizing processing factory

The processing factory of the Kolskaya Mining and Metal Company will receive a new automated system of technological process management. The previous complex is completely outdated. Moreover its spare parts are no longer produced. The modernization process is carried out gradually. In 2016 new machinery was assembled at the slurry pumping station. Now the specialists…

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Ukraine: Metinvest announces loss of control over operations on temporarily non-controlled territory

Following a request by the non-recognized republics to re-register legal entities in the so-called “DNR” and “LNR”, Metinvest declares a complete loss of control over the operations of all assets on the temporarily non-controlled territory (NCT). Unidentified people arrived at the group’s enterprises and demanded that the assets be re-registered under the jurisdiction of the…

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Ukraine: metal output in April 2017 to decrease because of the blockade

In April Ukrainian metal companies expect steel output to drop by 15% form the March planned results, to 1.7 million tons from 2 million tons. According to Ukrmetallurgprom, the April plan also presupposes the decrease in rolled metal output by 16.7%, to 1.5 million tons, and pig iron by 21%, to 1.5 million tons. Such…

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Ukraine: DTEK announces the loss of control over its enterprises on the occupied territories

Directors of DTEK‘s enterprises, such as Komsomolets Donbasu Mine PJSC, Mospyne Coal Refining Company LLC, PEM-Energovuhillia PJSC, Skhidenergo LLC (Zuivska Thermal Power Plant), Donetskoblenergo PJSC, Tekhrempostavka LLC, Sverdlovanthracite LLC, Rovenkyanthracite LLC, Electronaladka LLC, Vysokovoltni Merezhi LLC and DTEK Service LLC, which are situated within the temporarily uncontrolled territories of Donetsk and Luhansk regions, have received…

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Russia: Kremlin denies iron ore supplies to terrorists recommendations

The Kremlin never recommended Metalloinvest and Severstal to start supplying iron ore to the self-proclaimed Donetsk and Lugansk People’s Republics, the Russian president spokesman Dmitry Peskov declared. At the same time, according to him, Russia does everything possible to “ease the situation” on Donbass. Earlier mass media reported on the readiness of the Russian metal…

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Kazakhstan: Investment Fund to sell Uralsk Metal Works shares

On April 4, the Investment Fund of Kazakhstan will try to sell 29.77% of the Uralsk Metal Constructions and Galvanizing Works shares.

The shares are evaluated at 161.2 million tenge. This will be the starting price.

As of the date of evaluation (September 30, 2016) the works was idle. (Ukrainian metal)