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Ukraine’s coal industry needs state support in order to prepare for the heating season of 2016-2017. “Without the state support coalminers will have problems this heating season. I think the government will find funds to provide for the difference in product price”, said the minister of energy and coal industry Igor Nasalik. (Ukrainian metal)
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 113 145 142 147 April 124 152 140 145 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsCEO of DTEK Maxim Timchenko explains the increase in price of the company bonds with the rise of output and the progress in debt restructuring. In Q1 the company was able to reach normal coal output volumes and started paying its debts in late April. (Ukrainian metal)
DetailsOn June 2, Krasnoarmeyskugol mines were cut from water supply for not paying the bills. Miners cannot wash themselves after the work. The total debt of Krasnoarmeyskugol to municipal services, power stations, Pension fund and the city budget is 1.6 billion UAH. Miners also experience problems with salary. They have just been given some money…
DetailsKola MMC (a subsidiary of Norilsk Nickel) has pioneered surface laser scanning of the facility under construction. The company uses the latest 3D modelling technologies to implement the largest environmental investment project in the Murmansk region, “Recycling of Salt Effluents from Nickel Refining”. This project involves the construction of the most advanced evaporation plant for…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max March 281 334 April 311 326 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsEnergomashspetsstal will produce a batch of rolls for ArcelorMittal’s Vanderbijlpark in South Africa. In particular, the company will produce 4 supporting rolls with the total weight of 90.28 tons. The rolls will be completely treated and processed at the works and shipped to South Africa in October. They will be used in cold-rolling mills. (Ukrainian…
DetailsMetinvest-PromService has started servicing and repairing railroad transport at Central, Severny and Ingulets Mining and Processing Works. Three repair shops will be servicing and repairing railroad transport at the works. The subsidiary will employ some 750 workers. Metinvest-PromService used to service Metinvest companies only. The company was founded in 2015 on the basis of repair…
DetailsEurasian Economic Commission has approved of the implementation of antidumping duties on Ukrainian ferrosilicomanganese for 5 years and prolonged duties on Ukrainian steel pipes. Ferrosilicomanganese duties will reach 26.35% and will affect Nikopol Ferroalloy Plant, Zaporozhye Ferro Alloys Plant and Stakhanov Ferroalloy Plant. These three works in 2014 supplied $200 million worth of ferrosilicomanganese to…
DetailsUMG has signed a contract with the Belgian Sibelco for supplies of slag, a waste product of Ukrainian coal-fired thermal power stations. As agreed, in 2016 UMG is going to deliver 45 thousand tons of slag from the ash dumps of DTEK’s TPSs to the Netherlands-based branch of Sibelco. Slag is used as an abrasive…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR64.3334* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.1865* min max min max March 42 48 67 71 April 48 55 66 70 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 30.04.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-April Zaporozhye Ferro Alloys Plant decreased output by 14.8% YoY, to 85.8 thousand tons. According to the Association of Ukrainian ferroalloy producers, the works silicomanganese output dropped by 23.6% YoY, to 36.5 thousand tons, and that of ferromanganese – by 28.3%, to 14.7 thousand tons. At the same time ferrosilicon output grew by 12.9%…
DetailsThe head of Donetsk regional military-civilian administration Pavel Zhebrivsky wants to divide state mines into 3 categories on the basis of their profitability. The mines that cannot be profitable have to be shut down. “Mines that can be profitable fall into the second category. We will help them open new long faces, and will sell…
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