Victor Pinchuk has received elite real estate in London from Igor Kolomoyskiy and Gennady Bogolyubov within an amicable settlement of the court process on Krivoy Rog Iron Ore Industrial Combine. Pinchuk accused Kolomoyskiy and Bogolyubov of the breach of agreements while privatizing the plant and demanded $2 billion. He claimed that in mid-2000s gave the…
A miner, trapped following the cave-in in the shaft at Krivoy Rog Iron Ore Industrial Complex on June 6, was found dead. “On June 6 the rock collapsed at Oktyabrskaya mine at the depth of 1220 m. A body was later found of the miner. The body has been delivered to the surface”, the State…
There has been a cave-in at the Oktyabrskaya mine of the Krivoy Rog Iron Ore Industrial Complex. The rock collapsed at the depth of 1220 meters on June 6 at 8:55 local time. According to the preliminary information, one miner has been trapped. The rescue operation is underway. (Ukrainian metal)
Miners of Krivoy Rog Iron Ore Industrial Complex, which have previously refused to return to the surface, have been promised a 20% increase of salary. “The negotiations between administration and the miners are going on. The first stage presupposes the increase of salary by 20%. By the end of summer the wages could increase by…
Miners from 5 Krivoy Rog Iron Ore Industrial Complex mines refused to return from underground after the night shift. “All the night shift of the Rodina, Gvardeyskaya, Ternovskaya, Krivbassshakhtoupravleniye and 10 miners of the Octyabrskaya mine remained underground. They demand increase of wages”, the chairman of the Confederation of Free Unions of Ukraine Mikhail Volynets…
In 2016 Krivoy Rog Iron Ore Industrial Complex received 838.41 million UAH of net profits, down by 8.26% YoY, or by 75.5 million UAH. The company net income increased by 51%, or by 1.5 billion UAH, to 4.453 billion UAH. In 2015 KZhRK received 913.912 million UAH of net profits, having decreased its net income…
In January Krivoy Rog Iron Ore Industrial Complex mined 503 thousand tons of iron ore, up by 20% YoY. According to a company representative, in December 2016 KZhRK produced 466 thousand tons of ore, up from 397 thousand tons in November 2016. In 2016 iron ore output decreased by 8.4% YoY, to 5 million tons.…
In January-October Krivoy Rog Iron Ore Industrial Complex produced 4.13 million tons of iron ore, down by 10.8% YoY. According to the company statement, in October KZhRK produced 449 thousand tons of ore, up from 440 thousand tons in September. In 2015 the company produced 5.46 million tons of iron ore, down by 6.7% YoY.…