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Since August state mine groups have concluded 4 agreements for the processing of coal valued at 5.94 million UAH. Lisichanskugol ordered processing of 30 thousand tons of coal for 110 UAH per ton (3.3 million UAH) to Coal Power Complex Processing Factory LLC. Pervomaiskugol paid 2.24 million UAH to Obogatitel Industrial Company LLC for 22600…
DetailsIn January-June United Mining and Chemical Company increased its net profit by 42.8% YoY, to 234.859 million UAH. Last year net profit totaled 114.887 million UAH, and net sales income – 3.214 billion UAH. The state enterprise started operating in August 2014, when the government transferred the Irshansk Mining and Processing Works and Volnogorsk Mining…
DetailsUkraine and USA will discuss tariff and non-tariff barriers in trade, as well as cooperation in digital sphere, on November 1. “The negotiations will take up all day. We will discuss various matters, including additional concessions on tariffs, especially in metal industry”, the Ukraine’s trade representative, deputy minister of economy Taras Kachka declared. On March…
DetailsInterpipe has finished restructuring its debt with partial writing off, including eurobonds for $200 million with the rate of 10.25% and maturity in 2017. Thus, the company indebtedness decreased to $309.19 million with the rate of 10.25% and maturity in 2024 and the loan of $45.81 million with maturity at the end of 2020. The…
DetailsRusal has received a syndicated pre-export financing loan of $1.085 billion for 5 years. The initial amount of the loan was $750 million. The funds will be used to partially refinance the current PXF loan for $2 billion, received in May 2017. (Ukrainian metal)
DetailsIn January-September Mednogorsk Copper-Sulfur Plant increased raw copper output by 6.9% from the target. Potassium zinc sulfate manufacture grew by 97% from the target, to 392 tons. The investment of 37 million rubles in two filter presses allowed increasing the output. (Ukrainian metal)
DetailsPolymetal is planning to invest $20 million in the Tomtor deposit development in Yakutia. With such financing the company intends to own a share of at least 10% in the project. The investments will be estimated at a board of directors meeting in December. Tomtor reserves amount to 154 million tons of ore with high…
DetailsLast week the price of one ounce of gold increased by slightly over 22.7 manats ($13.4) or by 0.9%. Accordingly, the average price of one ounce of gold stood at 2,536 manats ($1,491). The price of one ounce of silver grew by over 4.9 manats ($2.9) or by 1.7%, to 29.9 manats (about $17.6). The…
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