Corum Druzhkovka Machine-Building Works has produced anchoring for the Pokrovskoye Mine Group. All the 200 sections have been shipped, and assembled at the new long face commissioned on August 21. The reserves of the long face are over 1.4 million tons of coal. The high quality of the anchoring allows using it at two such…
Metinvest deal to buy 24.99% of Pokrovskoye Mine Group is one of the largest on the Ukrainian market in the past years. Metinvest paid $190 million for the stake. According to Eavex Capital, the whole company is estimated at $0.9-1.1 billion, thus the stake has been purchased at a market price. The mine group belonged…
Metinvest has indirectly become a shareholder in the Pokrovskoye Mine Group, the largest coking coal manufacturer in Ukraine. Since Q2 2017, 57.29% of Pokrovskoye have been transferred from Donetskstal to Industrial Coal Holding LLC (ICH). At present Metinvest B. V. holds 24.99% in ICH. (Ukrainian metal)
Corum Group has concluded an agreement with Donetskstal to construct excavations at the Pokrovskoye Mine Group. According to the company statement, the commissioning is scheduled for 2018-2019. The company will construct two excavations – ventilation and conveyer drifts with the combined length of 2700 meters. (Ukrainian metal)
In 2017 Pokrovskoye Mine Group received 2161.777 million UAH of profit as opposed to 584.66 million UAH of losses in 2016. According to the company statement, its assets as of the late 2017 totaled 8554.221 million UAH, up by 34.2% YoY. The consolidated accounts receivable grew 7.62-fold, to 1488.524 million UAH. At the same time…
