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Shareholders of Ingulets Mining and Processing Works have decided to increase the supervisory board from 1 to 5 members. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all of them representatives of Metinvest B. V.) and Alexander Bliznyuk have been elected members of the board for 3 years. At the…
DetailsIn 2015 Ordzhonikidze Mining and Processing Works received 3.59 million UAH of net profits, up by 38% YoY, or by 992 thousand UAH. According to the company statement, its net income went up by 17.97% YoY, or by 180.67 million UAH, to 1.18 billion UAH. This year OGOK plans to produce 947.6 thousand tons of…
DetailsIn January-April Ukraine exported 94.02 thousand tons of ferrous scrap metal, down by 76.9% YoY. According to the State Fiscal Service, export revenues reached $16.84 million, down by 83.3% YoY. At the same time, in April Ukraine exported 82.47 thousand tons of scrap, with only 11.54 thousand tons in Q1. (Ukrainian metal)
DetailsNorilsk Nickel announces that upon completing all preceding loan granting conditions, on May 12, Bystrinskoye LLC received the first tranche as part of the credit line for the implementation of Bystrinsky Mining and Processing Works construction project in Trans-Baikal region. On May 5, Bystrinskoye LLC and Sberbank of Russia signed a loan agreement, whereby the…
DetailsIn 2015 Russian companies illegally imported 1.3 million tons of anthracite from the occupied territories of Ukraine. This coal was then exported to Europe and Africa, according to the Russian Customs Service and Russian Railroads. Most of the companies don’t state the origin of such coal. Last year Russia exported some 800 thousand tons of…
DetailsTurkish investors plan to modernize Lvivugol mines and buy coal. According to the Lviv regional state administration, managers of Lvivugol met the Turkish delegation and discussed financing of mine modernization. The Ministry of energy and coal industry has postponed the privatization of coalmines for indefinite time due to the large debts. (Ukrainian metal)
DetailsGeneral director of Volynugol Valentin Kiselev has resigned after his meeting with the minister of energy and coal industry Igor Nasalik. Earlier the mine groups of Volyn have asked the minister and the director of coal and peat department Anatoly Korsun to fire Valentin Kiselev from his office. (Ukrainian metal)
DetailsIn January-April Ukraine imported 26.77 thousand tons of hot-briquetted iron (a substitute for scrap), up 9.6 times YoY. All the imports came from Russia. According to the State Fiscal Service, Ukraine spent $3.7 million on imports, up 4.5 times YoY. (Ukrainian metal)
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