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Ukraine: state mines merging inefficient

The minister of energy and environment protection Alexei Orzhel believes it is inefficient to unite state coal assets into one holding. “We have not supported the creation of the National Coal Company. When we unite something profitable with something profitless, it becomes less efficient, and it is difficult to decide what to build, modernize or…

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Ukraine: Metinvest spends $1.2 billion on Mariupol Ilyich development

In 7 years Metinvest has invested $1.2 billion in the development of Mariupol Ilyich Iron and Steel Works. In particular, $408.5 million were spent on ecological projects, and $757 million on the capital construction, reconstruction and repairs. One of the largest projects was the construction of a continuous casting machine No. 4 in the converter…

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