Ukraine: only 4 state mines profitable

Out of 33 state mines, situated on the Ukraine-controlled territory, only 4 are profitable. On the whole Ukraine has 102 state mines, but most of them are situated on the uncontrolled territory. In January-May state coalmining decreased by 3.6% YoY, while coal cost grew by 30.5%. On July 9 Novovolynskaya mine No. 9 stopped operating…

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Russia: UGMK-Stal gets new raw materials base

UGMK-Stal has received another asset – the mining enterprise Boguslavskoye Mine Group. The enterprise mines iron ores and processes iron ore concentrates, as well as produces construction crushed stone. The enterprise possesses the Severopeschanskaya mine, a crushing factory and a number of auxiliary departments. Its annual output is 2.4 million tons of ore and 1.2…

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Ukraine: acting chairman of Dneprospetsstal office prolonged

The supervisory board of Dneprospetsstal has once again prolonged the authorities of the acting chairman of the board Vitaly Kornievsky for 3 months. On April 23, 2009 the supervisory board relieved Daniel Valk of his duties, having appointed the ex-CEO of Dneprovsky Iron and Steel Works named after Petrovsky, Vitaly Kornievsky instead. His office has…

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