Yenakievo Iron and Steel Works and Krasnodonugol, both subsidiaries of Metinvest Group, have halted operations. Production has been disrupted by the ongoing armed hostilities and a blockade of railway transportation between the controlled and the uncontrolled territory of Ukraine. Since the beginning of the conflict in the region, Yenakievo Steel has experienced erratic supplies of…
In December 2016 the license to work of some of Krasnodonugol mines, all of them within the Metinvest Group, has expired, Metinvest has filed all the necessary documents to the corresponding state authorities and expects to receive the license in February. Thus, at present these mines dig coal with the violation of the Ukrainian legislation.…
Shareholders of Krasnodonugol have recalled Metinvest B.V. from the supervisory board. Instead they have elected Metinvest Holding CEO Yuri Ryzhenkov, metal division director Alexander Pogozhev, acting financial director Julia Dankova, legal director Svetlana Romanova and financial control director Olga Khazimova. All of them have been elected for 3 years. (Ukrainian metal)
Krasnodonugol is preparing to rent state assets for free. It would be the first private company to get the official permission to use state property free-of-charge. The Commercial Court of Lugansk Region has allowed the company to make amendments to the agreement on the rent of Krasnodonuglepostavka, signed back in 2006 by the State Property…
