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In Lugansk region Russian invaders have prepared a list of mines that are considered unprofitable. At the same time, miners are told to look for new job. “In Dovzhansk the occupiers continue cutting mining equipment for scrap and are looking for other jobs for non-mobilized miners. Thus, machinery at the Krasniy Partizan mine near Dovzhansk…
DetailsArcelorMittal Kriviy Rih has refuted information spread by the ministry of defence of Russia. “In its Telegram-channel and video address the Russian ministry of defence commented on the recent missile attack on the city of Kriviy Rih and spread untrue information about an alleged strike on “the missile and artillery stock in an AMKR shop”.…
DetailsDTEK miners have provided coal for the Ukrainian defenders in winter. The fuel is already giving heat to the defenders on the front line. “The coal will be burned in special miners’ Bandera-stoves that we have provided earlier. We assemble the Bandera-stoves ourselves,” the company said. Since the start of the war DTEK has also…
DetailsIn November, Zaporozhkoks produced 68.1 thousand tons of blast furnace coke, up by 4.2% YoY. In January-November, output decreased by 13.5%, to 666.6 thousand tons. The decrease is due to the shortage of raw materials because of the Russian invasion. In October, coke output at Zaporozhkoks grew by 10.5 YoY, to 70.6 thousand tons. (Ukrainian…
DetailsIn January-November, Centravis decreased seamless stainless pipes manufacture by 34% YoY, to 10.6 thousand tons. At the same time, in monetary terms revenue was retained at the level of 90%. “Despite complex situation in Nikopol, we have retained our team, clients and manufacture. None of us has prepared for the work under martial law, but…
DetailsShareholders of Donetskstal have given their preliminary consent to have a large deal of a financial revocable aid of 12.32 billion UAH with counterparty. The decision was taken at the extraordinary meeting on December 5. The cost of the company assets is 8.954 billion UAH. The shareholders have also preliminary agreed to write off a…
DetailsAnother Russian terrorist missile attack of energy infrastructure on December 5 threatened massive power outages. Kriviy Rih miners have been returned to the surface from the shafts. The city was also bombed a night before with missiles targeting ArcelorMittal Kriviy Rih. (Ukrainian metal)
DetailsRussian invaders intend to shut down most of the mines on the temporarily occupied territory of Donbas. “This has to do with the mobilization of more than half of employees,” the Lugansk regional military administration has said. Those who remain are told by the occupiers that it is inefficient to retain non-working enterprises. According to…
DetailsMetinvest has announced a buy back of its Eurobonds with maturity on April 23, 2023 valued at $70 million for 70% to 80% of their nominal price. The group highlights that it intends to service its debt, but the ongoing war and unstable prices for Metinvest products create unprecedented problems for its operation. At present…
DetailsIn January-September, Interpipe Novomoskovsk Pipe Works received a net loss of 465.825 million UAH as opposed to a net profit of 248.25 million UAH in 9 months of 2021. Net income dropped by 67.7%, to 904.07 million UAH. Undistributed profit amounted to 98.684 million UAH. (Ukrainian metal)
DetailsIn October, Ukrzaliznytsia transported 1.426 million tons of iron and manganese ore, down by 24.6% MoM and by 77.9% YoY. Export transportation grew by 0.7% MoM, to 971.8 thousand tons, accounting for 68%. Domestic transportation accounted for 32%, with 454 thousand tons transported, down by 13.6%. In particular, PGOK shipped 365 thousand tons, up by…
DetailsIn 2021, Vatutino Refractory Combine decreased net losses by 25% YoY, to 47.192 million UAH. Undistributed profit amounted to 141.884 million UAH. Because of the last year losses, this year dividends will not be paid. (Ukrainian metal)
DetailsDTEK Energo will additionally supply 20 thousand tons of coal to state power plants. “In addition to 100 thousand tons of coal supplied previously, we will provide 20 thousand tons. 10 thousand tons have already been shipped, and 10 thousand more are being shipped at the moment,” the company said. On September 15, DTEK Energo…
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