The Donetsk regional court of appeals has lowered the bail for the Krasnolimanskaya coal company CEO Konstantin Kiselev, detained for plunder. In particular he could be set free for 5 million UAH, instead of 20 million UAH.
In January-September Avdiivka Coke and Chemical Works received 55.8 million UAH of net profit, while in the corresponding period of 2014 it received 686.8 million UAH of net losses.
By the decree of the Ministry for energy and coal industry Alexander Dubovik has been appointed the acting CEO of the Krasnolimanskaya coal company.
The Ministry of infrastructure has held a meeting of the competitive examination for the office of the general manager of the Ukrainian state postal service enterprise “Ukrpochta”.
The Industrial Union of Donbass corporation has appointed Maxim Zavgorodny, the Dneprovsky Iron and Steel Works named after Dzerzhinsky CEO, its new executive director.
Metinvest decided to buy spare parts for 7 locomotives belonging to Ukrzaliznytsya (Ukrainian Railways) to serve on the Kamysh-Zarya – Volnovakha line, where the company transports most of its products.
In 2016-2020 ArcelorMittal Kriviy Rih plans to invest $1.2 billion in its development.
A gas-air mixture exploded at Krasnolimanskaya mine when the militarized mine-rescue squad of the Ministry for energy and coal industry was working there. One person was killed and two injured.
ArcelorMittal Kirviy Rih has confirmed its interest in using the quay of the special seaport Oktyabrsk in Nikolaev for loading of its products.
ArcelorMittal Kriviy Rih CEO Paramjit Kahlon said the company was willing to buy natural gas from Naftogaz if it offered more favorable terms.
The Railroad Transport draft law needs to be returned to the Ministry of infrastructure, as it doesn’t take into account most of the remarks of the carriers, says the Metallurgprom president Alexander Kalenkov.
ArcelorMittal Kriviy Rih sells less than 1% of its products on the Russian market.
The tax reform stipulates the implementation of the income tax for the ferrous and non-ferrous metal scrap.
ArcelorMittal Kriviy Rih has been working with losses for the past 11 months because of selling most of its metal products cheaper than the prime cost.
In January-September DTEK Pavlogradugol received 14.28 million UAH of net losses (310.33 million UAH of net profit in the same period 2014).
On October 27-28, Zaporozhkoks hosted the Metinvest by-product coke chemists’ conference.
The Ministry for energy and coal industry has information about abuse of power at the Krasnolimanskaya coal company, in particular of the theft of over 300 million UAH.
In Donetsk region a Krasnolimanskaya mine director deputy Denis Mikhailov has been detained. According to the driver, the State Security Service has taken Mikhailov to Kramatorsk.
In January-September Azovstal Iron and Steel Works received 619.29 million UAH of losses (318.43 million UAH of profits in the corresponding period of 2014).