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The Cabinet of Ministers has confirmed the creation of the state enterprise National Coal Company. It will unite 19 state enterprises, which include 33 state mines. The creation of this state enterprise will optimize the structure of coalmining companies by uniting them in a single legal entity and improving mines efficiency. In 2017 the state…
DetailsDTEK Energo has purchased shares of Svet Shakhtera, Druzhkovka Machine-Building Works and Mining Machines, previously parts of Corum Group. “These companies are the main suppliers of coalmining machines and equipment to the group. This deal will allow DTEK Energo to decrease expenses on machinery, provide its coal enterprises with spare parts on time and improve…
DetailsExport of Russian coal from January through November increased by 5% YoY, to 170.428 million tons, the Ministry of Energy said. The commodity exports volume in November reached 15,339,000 tons. Coal mining in January-November amounted to 371,772,000 tons, of which 323,146,000 tons were delivered. (PortNews/Ukrainian metal)
DetailsIn January-October Ukraine sold 1.721 trillion UAH worth of goods and services, up by 24.06% YoY. According to the State Statistics Service, in October mining and processing products sales increased by 23.1% YoY, including exports – by 24.9%: in particular in mining – by 24.2% (by 6.9%) and in processing – by 22.9% (27.1%). The…
DetailsThe corrected project of the state budget for 2018 presupposes provision of 300 million UAH to cheapen loans, attracted by the state coalmining enterprises for the construction and development. Their debt for electricity consumed at the volume of 1.4 billion UAH will be cleared from the special fund. The source of money for this fund…
DetailsThis year Volyn region miners have lost some 130 million UAH because of the unfinished construction of the mine No. 10, According to the regional authorities, some 600 million UAH are needed to commission the first stage of the mine. Then the enterprise has to earn money for the second and third stages itself. The…
DetailsThe volume of metal wares output in Volgograd region in January-October 2017 totaled 44 billion rubles, up by 8.3 billion rubles. Modernization of metal machinery at the local plants positively affects the industrial indexes. In particular, the revamping projects are carried out at Volzhskaya Kuznitsa LLC, Volzhsky Pipe Works LLC. This year Severstal Ropes has…
DetailsIn January-November Russky Ugol mined over 12.7 million tons of energy-generating coal, up by 10% YoY and by 4% from the planned target. Krasnoyarsk district companies demonstrate the highest growth of the output – by 15% YoY and by 7% from the plan. The region yielded 5.8 million tons of coal. The Republic of Khakasia…
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