The head of the Volyn region administration Vladimir Ginchuk met the representatives of Sanyi (China) willing to invest $3.5 billion into Ukraine. The company has some experience in working with mining companies from the East of Ukraine. But they are also interested in the Volyn coal basin.
The Higher Administrative Court of Ukraine has allowed developing the Kremenchug territory, thus removing all obstacles on the way to build Bilanovsky Mining and Processing Works.
After the cancellation of the State Geology Service decree that blocked Velta operations the company started restoring its capacities destroyed by the fire.
In November Ukraine exported $51.5 million worth of ferroalloys, with imports on the level of $5.89 million.
The Ministry of Internal Affairs is investigating the Irshansk Mining and Processing Works, a part of the United Mining and Chemical Company, abuse while buying 5.6 million cubic meters of gas with transportation in May from Energy Trade Group.
In November Ukraine produced 68.2 thousand tons of ferroalloys, down by 0.7%, or by 0.5 thousand tons MoM.
Ferrexpo has decided to dismiss 40% of Poltava Mining and Processing Works employees.
In November Ukraine exported $32.48 million worth of pig iron, with imports on the level of $0.11 million.
Austria suspects Bollwerk AG and Steuermann GmbH, controlled by the people’s deputy Nikolay Martynenko, of reselling uranium and titanium at high prices abroad, to Russia in particular.
Month Ukrainian market, $/t, without VAT, FCA, $1/UAH22.904* min max September 154 157 October 131 133 * – Ukrainian Hrivna and Russian Rouble exchange rates are as of 31.10.15 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)Details
The ISD Corporation ponders the registration of its Alchevsk Iron and Steel Works on the Ukraine-controlled territory.
In 2016 scrap procurement in Ukraine is expected on the level of 2015.