The minister of energy and coal industry Igor Nasalik criticizes the Ministry of Finances and state banks for not providing loans to state mines under state guarantees. “Unfortunately, I know how state banks finance Ukrainian economy. I have experienced this when preparing state guarantees for the coal industry financing”, he said. Earlier the ministry informed…
DetailsCoal producer Kolmar plans to invest about $2 billion in a plant on the territory of accelerated development Southern Yakutia and a terminal in the free port of Vladivostok until 2021, CEO Sergei Tsyvilyov declared on February 21. Construction of the Inaglinsky plant comprising an enrichment facility and three mines will require 62 billion ruble…
DetailsThe state enterprise Selidovugol has ordered the individual entrepreneur Georgy Kacheyshvili the delivery of shaft props valued at 24.76 million UAH. The entrepreneur will have to supply 13780 cubic meters of wooden props. The average price of the props is 1900 UAH per cubic meter. Last year Universal Invest-Story LLC supplied such props at 1300…
DetailsEnergomashspetsstal will supply a new batch of rolls to ArcelorMittal Kriviy Rih. The batch with the total weight of 78.96 tons will consist of 13 rolls. The delivery is scheduled for Q2 2018. The contract was concluded in 2016. The companies have been cooperating since 2011. (Ukrainian metal)
DetailsSeverstal has selected suppliers of the main machinery for the construction of the blast furnace No. 3 at Cherepovets Iron and Steel Works with the capacity of 2.9 million tons of pig iron per year. Under the contract Danieli Corus B. V. (the Netherlands), Paul Wurth S. A. (Luxembourg) and TMT GmbH (Germany) will design,…
DetailsDelta LLC has acquired the property complex of the insolvent Rostov Coal Company LLC, a part of Zaporizhstal (Ukraine), for 50 million rubles. The initial price was 309.9 million rubles. Rostov Coal Company was created within the 6.9-billion rubles project to construct the Bystryanskaya 1-2 mine in Rostov region to supply cheap blast furnace coke…
DetailsIn January Sukhaya Balka produced 218 thousand tons of iron ore, up by 2.8% MoM. Last January the works did not mine ore because of the absence of license. On November 7, 2017 the company license was prolonged for 20 years. In 2017 Sukhaya Balka produced 2.513 million tons of iron ore, down by 2%…
DetailsIn 2017 Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid over 1.3 billion UAH of taxes to all budgets, up by 62% YoY. According to the group statement, PGOK paid 1008 million UAH, EGOK – 305.6 million UAH and BGOK – 6.1 million UAH of taxes. In particular, PGOK paid 167 million…
DetailsThe actual economic impact of the implementation of proposals at the Magnitogorsk Iron and Steel Works in 2017 amounted to 599.3 million rubles. This is 2.5% higher than in 2016, when the economic impact of proposals was 584.5 million rubles. The largest contribution to the savings achieved was 356.3 million rubles, made by rolling production.…
DetailsRussian gold producer Polymetal International has signed the first sales contract for its Kyzyl field in Kazakhstan and will sell gold concentrate to a partner that has been buying much gold concentrate from the Maisky field for over two years, the company said in a statement on February 21. The partner will buy at least…
Details