In 2016 Lvivugol could receive 436 million UAH for mines modernization and 480 million UAH for coal cost price covering.
In October Ukraine mined 2.7 million tons of black coal, up by 17.7% YoY.
The head of the Energoatom state enterprise Yuri Nedashkovski asks the Cabinet of Ministers of Ukraine to check the information about VostGOK abuse when selling uranium to the company.
In October Ukraine produced 999 thousand tons of steel, without continuous cast semi-finished products, down by 4.5% YoY.
Russian embargo on Ukrainian products will mostly affect agriculture and metal sector.
In January-October Ukraine decreased its industrial output by 15.4% YoY.
Metinvest negotiations with its creditors about the $3 billion debt restructuring are slow and ineffective, say the banks.
Vostochny Mining and Processing Works wasn’t able to buy 15.31 million kWh for December.
The parliament has registered a decree to pay all debts and salaries to the state coal miners.
The new long face with 1.2 million tons of coal has been opened at DTEK Ternovskoye Mine Group. This will provide the miners with 2 years of work and 6 Ukrainian thermal electric stations with fuel.
The Industrial Union of Donbass (ISD) corporation doesn’t expect an aggressive recovery of its $60 million debt on behalf of the Cyprus-based Reachcom Limited, after the Ukrainian courts acknowledged the writ of the London International Arbitrary Court.
In January-September DTEK companies mined 21.4 million tons of coal, down by 25.6% YoY. Ordinary coal processing totaled 14.7 million tons, while concentrate manufacture fell to 8.9 million tons.