Each year Metinvest companies pay over 300 million UAH of environment tax to the budgets of all levels. Such a tax could become a resource for ecological improvement. And the local companies should receive the most of these payments and have the right to spend them on modernization. “And what if the local authorities decide…Details
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Dmitry Firtas’ Titanoviye Investicii Company has been affected by sanctions imposed by Ukraine on Russian companies and individuals. The company was registered in June 2014 in Moscow. After the Crimea was annexed by Russia Firtas had to adapt to Russian legislation to avoid the loss of Crimean assets, so the businessman decided to move some…Details
Ural scientists have developed an innovative reagent that increases lead and zinc extraction during ore processing. It has already been tested at the deposits in Altai region, according to the UGMK scientific company Uralmekhanobr. Zinc and lead extraction using this reagent is increased by 3-7%. “We have been working on the techniques of using this…Details
Ukraine has imposed sanctions on Rusal and its offshore company Judson Trading Limited (Cyprus), according to the Presidential decree. The sanctions have been imposed following the companies’ activities, which pose a threat to the national security and prevent the stable economical development. In particular, Rusal has been accused of blocking assets, limiting trade operations in…Details
Zaporozhye Aluminum Works is still idle after a short period of work from August 31, till September 19. But it can resume manufacture of rolled wire in November if it is able to buy aluminum. According to a company representative, ZALK is negotiating purchases from China. “Chinese aluminum in Odessa ports could cost $200 per…Details
Vorgashorskaya mine of Vorkutaugol has put a new long face into operation. The mine plans to extract 2.4 million tons of coal there, at 9.7 thousand tons per day, or 280 thousand tons per month. (Ukrainian metal)Details
In January-September Kuzbassrazrezugol mined 33.3 million tons of coal (including over 4.6 million tons of coking coal), up by 0.5 million tons YoY. Consumers received 29.4 million tons of coal, with exports on the level of 21.6 million tons. Local market received 7.8 million tons. Kuzbassrazrezugol processing factories have processed 29.2 million tons of coal,…Details
According to the Psychea scientific center director Gennady Ryabtsev, Ukraine might face the necessity to buy coal from the Russia-supported terrorist organizations of the so-called Donetsk and Lugansk People’s Republics, if it fails to create sufficient stocks. “Here everything is simple. If all has been though over and the stock have been formed, than there…Details
Avdiivka Coke and Chemical Works is putting into operation a new thermocatalytic afterburning machine that will decrease pollution from the tar-distilling shop. Despite the difficult situation in the area and the constant lack of electricity Metinvest goes on with its program of the works modernization. In particular, the new machine is one of the most…Details
OMK has started realizing the project of localization of imported ball valves for the gas industry with 1400 mm diameter. On the basis of its subsidiary Trubodetal OMK has created the Ural Works of Special Valve Industry. The engineering and design works and the selection of the constructor of the new shop are underway. OMK…Details
Gazprom has cancelled a tender to buy $194 million worth of large diameter pipes. The tender presupposed 7 lots to be supplied in Q4 2016 – Q1 2017. The pipes were intended for Gazprom Komplektatsia. The tender was to be held on October 19. In mid-August Gazprom held an auction on LDP purchase for the…Details
Zaporizhstal has represented Ukraine at the European Parliament of Enterprises (Brussels). Representatives of major German, French, Italian, Polish and other companies also participated in the event. Zaporizhstal’s representative was the sales director Vladimir Kolomiets. “Ukrainian economy needs a strong business. And business in its turn needs a strong and consistent governmental policy. In any successful…Details
Beginning with October 19, ArcelorMittal Kriviy Rih had to start paying for damages caused by its pollution. According to the new Tax Code of Ukraine, AMKR has to pay the following to the state: 30% to the special state budget fund (21 million UAH) and 70% to the local budget (50.4 million UAH). The latter…Details