Dynamics of changes in discount rate of NBU
NBU
Canadian mining company Black Iron Inc. with assets in Ukraine, despite the ongoing war, continues to promote the Shimanovsky iron ore project through negotiations with the Ministry of Defense regarding the transfer of land, the execution of an investment support agreement with the government of the country and obtaining permits for the extraction of minerals and their processing.
According to the company’s press release, the land adjacent to the Shimanovsky ore body, necessary for the location of the future processing plant, waste rock warehouses and tailings, belongs to the government of Ukraine and is used by the Ministry of Defense for training purposes. Discussions with the Department of Defense led to an agreement on a preliminary amount of funds that Black Iron would have to pay as compensation for obtaining this piece of land for its use.
“Efforts are now focused on drawing up a binding agreement on the transfer of this land (to the use of Black Iron – IF) after peace is established in Ukraine,” the press release states.
In addition, Black Iron is also negotiating with the government of Ukraine on an investment support agreement that will include several benefits, such as the permanence of legislation (company operating conditions – IF) and exemption from import duties on equipment needed for the project.
In turn, Black Iron management prepared an extensive report covering several aspects of the project, such as the proposed new jobs, tax payments and social benefits. Before submitting this document, it will be necessary to make some changes to the legislation of Ukraine in order for Black Iron to comply with the requirements, and work in this direction is currently in full swing, the press release emphasizes.
“In order to keep our permits valid, work is currently underway in Ukraine to update the geological and mining plans. Finally, while Black Iron stakeholders wait for peace in Ukraine to bring the Shimanovsky project to the construction stage, management is considering new potential projects to increase shareholder value “, – summed up in a press release.
As reported, in October 2010, Black Iron acquired the Cypriot subsidiary of Geo-Alliance Ore East Limited from EastOne investment group of Ukrainian businessman Viktor Pinchuk, together with licenses, for $13 million, then renaming it BKI Cyprus. The main assets are 99% in LLC “Shymanovskoe Steel” and “Zelenovskoe Steel” (both – Dnipro).
In July 2013, after a series of problems with the implementation of the Black Iron project, it announced an agreement with Metinvest, the largest Ukrainian mining and metallurgical group, to develop its iron ore assets. Metinvest B.V. paid to Black Iron Inc. $20 million and acquired 49% in BKI Cyprus. Later, however, Metinvest withdrew from the project.
The Shimanovskoye iron ore deposit is surrounded by five other operating mining enterprises, including the ArcelorMittal iron ore complex. The existing infrastructure, including access to electricity, railway and port facilities, according to Black Iron, will allow the project to be quickly implemented to the production stage.
According to a presentation dated May 2021, the expected capital investment in the launch of the first stage is estimated at $452 million, the second – $364 million. the first stage and 8 million tons per year – at the second.
Benchmark oil gains slightly on Wednesday morning after dropping to two-week lows the day before as the dollar strengthened ahead of a series of central bank meetings.
The cost of November futures for Brent crude on the London ICE Futures exchange by 8:13 CST on Wednesday is $90.84 per barrel, which is $0.22 (0.24%) higher than the closing price of the previous session. As a result of trading on Tuesday, these contracts fell by $1.38 (1.5%) to $90.62 per barrel.
The price of futures for WTI oil for November in electronic trading on the New York Mercantile Exchange (NYMEX) is $84.09 per barrel by this time, which is $0.15 (0.18%) higher than the final value of the previous session. By the close of the market the day before, the value of these contracts fell by $1.42 (1.7%) to $83.94 per barrel.
“A strong dollar, rising bond yields and concerns about demand amid a global economic slowdown are putting pressure on oil prices again,” said Michael Hewson, senior market analyst at CMC Markets UK. “The market is expecting rate hikes this week from the Fed, the Bank of England and Swiss National Bank”.
“Worry about the lack of supply does not provide the support for quotes, which could be expected, but it also means that we will not see a strong collapse either,” the expert added.
The Fed meeting will end on Wednesday evening, and analysts generally believe that as a result of it, the key interest rate in the United States will be increased by at least 75 basis points.
Meanwhile, data from the American Petroleum Institute (API) indicated that U.S. oil inventories rose 1 million barrels last week after rising 6 million barrels a week earlier. The official inventory report from the US Department of Energy will be released at 17:30 CST.
The 42nd US President Bill Clinton said that Ukraine will receive even more support.
“I don’t speak for the government, I don’t work there, but I can say on behalf of the United States and the whole world that you will receive even more support,” he said on Tuesday, answering a question from Ukrainian President Volodymyr Zelensky during the Global Clinton Initiative .
“People see your courage and your people. People understand that we cannot change democracy, freedom and independence. I believe that we will help and follow. You will turn to us for help, and we will be proud to help you,” he said.
We present to your attention a cozy hotel in the Carpathians – “Gorgany Hotel & SPA”. The hotel is located in a picturesque corner of the Ukrainian Mountains, just 8 km from the Bukovel ski resort, 30 km from the city of Yaremche, at an altitude of 1000 m above sea level in the village Apple tree The entrance is an asphalt road, 450 m from the track.
The unique beauty of mountain landscapes, intoxicating air, and high-speed skiing combined with the homely comfort of hotel rooms, delicious cuisine, and an incredible SPA will give you a feeling of fullness of life and an unforgettable vacation in the Carpathians!
About the Complex
The complex consists of several buildings: 2 six-story buildings, 2 wooden two-story cottages, a chalet, a conference hall, saunas, a tennis court, a mini-market, gazebos, barbecues, a restaurant with 80 seats.
Numbers:
Double comfort (10 rooms) – one-room room + balcony.
Three-bed comfort (7 rooms) – one-room suite. + Balcony.
Apartment (1 room) – two-room room, (kitchen, hallway) – 3 balconies and 1 terrace.
The standard is improved (20 rooms, 6 of which have separate beds).
Suite (3 rooms) — two-room room + balcony.
Two-level VIP Suite (1 room) – two-story two-room room.
Comfort suite (8 rooms) – a two-room suite. +Balcony.
Junior suite (20 rooms, 8 of which have separate beds) – one-room suite. + Balcony.
Chalet (1 room) – two-story wooden cottage (2 bedrooms with double beds and 1 bedroom with separate beds) + Living room with fireplace. + 3 balconies.
The hotel has 71 rooms of different categories, so there will be a place even for a very large company.
If you suddenly want to plunge into the world of traditions of Western Ukraine, then you definitely need to visit our koliba.
The unusual design, the atmosphere of an old Ukrainian house is recreated here as closely as possible, thanks to which the Koliba restaurant stands out against the background of other similar establishments.
It is also worth paying attention to special local dishes that you will not find in other areas. We are talking about Hutsul cuisine, in which Carpathian mushrooms, sauerkraut, banish with cheese and bograch occupy the leading positions.
In addition to dishes prepared by professional chefs, you can also enjoy those that you prepare yourself on the grill, which is located in gazebos throughout the complex.
A unique SPA center
Gorgany Hotel & Spa is one of the few hotels in the Carpathians that offers its guests relaxation with swimming pools with incredible views of the Carpathian mountains. Our pools always maintain a comfortable temperature and clean water. You can safely visit the pool with the whole family.
And for those who like to steam, there are various types of saunas, including a Roman steam room. There is also a real snow room, a waterfall of impressions, and, of course, a classic jacuzzi.
Visiting the SPA center is included in the price of accommodation!!!
Conference room
Are you looking for an interesting place to hold a meeting, seminar, round table, or training? We offer you to rent a conference hall in Gorgany, which can become not only an ideal place for training, seminars, conferences, and other events but also an excellent complex for an unforgettable vacation.
It has long been proven that any information is absorbed faster if it is presented with taste. And what could be tastier than fresh mountain air and a beautiful view from the window at any time of the year? Listeners who enjoy the conference, seminar, and training, remember more facts and your event will be successful.
Service for additional payment:
Sauna
A fireplace room, and a wood-burning sauna with a contrasting pool will renew you from the outside and the inside and will be a pleasant continuation of your vacation with friends after extreme skiing or an excursion in the Carpathian highlands.
Sheets and towels are included in the price.
Tanks (4-8 people with contrast pool and relaxation area)
Carpathian vats are huge cast-iron cauldrons filled with water and heated by a hearth to a temperature of 40-45 degrees.
For the “Carpathian jacuzzi” – only clean spring water is used, which greatly contributes to the general improvement of well-being, improves blood circulation, and immunity, has a therapeutic effect on the skin and joints, and regulates blood pressure.
It is especially worth visiting the vats in winter. You can just sit in the hot “cauldron” and enjoy the view of the snow-capped mountains, tasting the Carpathian tea with honey, which is included in the price.
Large tank (6-8 people) – UAH 1,800/2 hours.
Small tank (up to 4 people) – UAH 1,400/2 hours.
Service included in the price:
Parking.
Gazebos with barbecue.
Cable TV, Wi-Fi internet.
Use of an outdoor heated outdoor swimming pool (in summer).
SPA.
Daily cleaning of rooms, change of bed and towels – as needed.
Service for additional payment:
Service for additional payment:
Transportation services, including transfers to ski lifts in Bukovel.
Sports, entertainment:
Billiards.
Excursions, one-day hikes in the mountains with guides, riding horses, ATVs, and jeeps.
Ski equipment rental, instructors.
Volleyball court, tennis court.
Mobile coverage:
Kyivstar
MTS
Lifecell
Estimated hour:
Check-in is from 3:00 p.m.
Check-out is by 12:00.
Foreign languages:
UA, EN, PL.
Payments:
Cash
Payment by transfer is possible.
Contacts:
Ivano-Frankivsk region
Nadvirnyan district
with. Apple tree
village of Deal, 265.
Phone:
+38 (067) 160-61-19
+38 (067) 979-27-09
+38 (050) 205-63-33
E-mail: gorgany.book@ukr.net
We would like to inform you that there is an Electric Gas Station on the territory of the Hotel Gorgana.
You can view current photos of the hotel, rooms, and all services on our website: www.gorgany.ua
Gorgany Hotel & Spa will give our guests many pleasant memories and unique experiences from every day spent with us!
The production of beer in Ukraine (except for non-alcoholic beer with an alcohol content of up to 0.5%) in January-August 2022 decreased by 31.6% compared to the same period in 2021, to 83.9 million decalitres, according to Ukrpyvo.
At the same time, it is indicated that a gradual recovery in the industry is recorded after a 50% drop in the production of this drink in the first quarter due to the Russian invasion and the shutdown of some of the country’s breweries. Thus, according to the results of the first four months of this year, the fall was 42.8% compared to the same period last year, January-May – 36.4%, January-June – 32%, January-July and January-August – 31.6%.
According to Ukrpyvo, the restoration of malt production is recorded. So, after a fall in the first quarter of 2022 by 40.8% and a sharp reduction in June by 50.6%, already in January-August, the rate of decline in production decreased to 22.5% from January-August 2021. During this period, 108,380 tonnes of malt were produced.
As reported, in 2021 Ukraine produced 5% less beer compared to 2020 – 170.5 million decalitres, and in 2020 its production decreased by 0.4% compared to 2019 – to 179.7 million decalitres.
