Business news from Ukraine

Business news from Ukraine

Druzhkovka Machine-Building Plant Expands Product Range with Stainless Steel Mine Trolleys

“Corum Druzhkovka Machine-Building Plant (Corum DrMZ), a part of Corum Group (DTEK Energy), has launched a modified model of a mine trolley at the request of Zakhidno-Donbaska mine, using stainless steel for the first time to make the body and bottom.

“This was the first experience of its kind for the plant, including in welding stainless steel with ferrous steel. The machine builders have manufactured and shipped 12 modified trolleys to the mine,” the plant’s Facebook page reports.

The VD2.5K-900 trolley with a volume of 2.5 cubic meters and hinged bottoms is designed to transport rock mass.

The report specifies that the use of stainless steel is due to the need to prevent the rock mass from sticking to the body and bottoms, as the mass stuck to the trolleys after unloading has to be removed manually.

“We have achieved this goal. The problem of rock sticking has been completely solved, and the time for unloading has been reduced by three times,” the plant’s manager Sergey Bryukhako was quoted as saying in the report.

Among the advantages of stainless steel for trolley elements, the company notes high corrosion resistance, but this material has some limitations, such as lower strength compared to low-alloy black steel.

“The real efficiency of such modernization will be clear during further operation,” the statement said.

“Corum DrMZ plans to further expand its line of trolleys with stainless steel bodies, including a model with a larger capacity (3.3 cubic meters).

Corum Group is a leading manufacturer of mining equipment in Ukraine and a part of DTEK Energy, the operating company responsible for coal mining and electricity generation within Rinat Akhmetov’s DTEK holding.

“Corum DrMZ, located in Dnipro, increased its loss by 2.6 times in 2022 compared to 2021, to UAH 458.3 million, while revenue fell by 2.3 times to UAH 559 million.

A granite quarry is sold for $3.25 million in Vinnytsia region

The area of the deposit is 54.9 hectares. The area of the leased territory is 88.09 hectares (7 plots). The mining allotment for the extraction of block stone is 15.92 hectares, and for the extraction of stone for crushed stone – 33.28 hectares. The land lease agreements are valid until 2036.

Special mining permit until 2036. The permit includes two separate areas: for the extraction of block stone (Cardinal Grey) and rubble stone for the production of crushed stone.

The balance sheet reserves for 2024 amount to 15.762 million m3, including 3.176 million m3 for blocks (categories A + B) and 12.586 million m3 for crushed stone (categories A + B + C1).

In addition, in the C1 category, the conditional balance reserves for the block section are +2.69 million m3, and for the crushed stone section – +1.074 million m3.

Product characteristics: fraction nomenclature according to certificates: 0-5, 5-10, 10-20, 5-20, 20-40, 40-70, mixtures of C-11, C-7, C-5. Compressive strength grade M1200, density 2.7 t/m.cubic meter, radioactivity class one, abrasion grade St.1, impact resistance grade U-75, serial friability g/p = 15%. An operating laboratory with equipment.

Number of personnel: 24 people (technical staff – 8 people, other staff – 16 people). Work in 1 shift.

Production capacity of the crushed stone production line = 1,100,000 tons per hour. 4 crushing stages:

1. Receiving hopper (60 cubic meters) with a plate feeder and a jaw crusher SMD-111;

2. Medium crushing cone crusher Metso GP300s + Gyratory CVB 2060 (3 decks);

3. Mobile complex with cone crusher Sandvik СH-440 + Gurkrit (2 decks) + Gurkrit (3 decks);

4. An independent line with a Metso HP-100 cone crusher + Rumbling (3 decks).

The crushing and screening line is fully equipped with machinery: two loaders (CAT, VOLVO), an excavator (Liebherr), two BelAZ trucks (45 tons), two BelAZ trucks (30 tons), two KrAZ trucks, three cranes (two KS and RDC cranes), a fuel truck, etc. There is also a tank with a 10 cubic meter license and a garage with repair bays, three Skoda cars.

In addition to the crushing and sorting line, the quarry has a complex of workshops for sawing and polishing slabs from the block quarry, all equipped with crane beams, overhead cranes and hoists.

Also on the territory are the following buildings: operator’s room, utility room, administrative building, checkpoint, warehouse, lathe shop, compressor room, pump room, and garage. The area of all buildings is more than 4000 square meters.

There is a railway loading branch equipped with a ramp with two receiving hoppers and a conveyor loading system for 10-20 receiving cars.

More detailed information is available upon request

Price: USD 3 250 000

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Ukraine is ready to extend Russian gas transit at initiative of European Union countries

Ukraine is ready to extend the transit of Russian gas through its gas transportation system (GTS) at the initiative of the European Union countries, but will not extend the current contract or sign a new one with Gazprom, Prime Minister Denis Shmygal said at a press conference in Kiev on Monday.

“We are certainly not going to negotiate with the aggressor country to extend (the transit contract) and put our signatures under the agreement, but we have had repeated talks with European leaders on the basis of the European Commission. If European countries will act as a consortium or one of the European partners will act as a transit company for its own gas, we are ready to provide such a service. Here the initiative is on the side of the EU and our European partners,” he said.

“Group, association, consortium… It could be the EC, a group of European countries that are interested in preserving transit,” Shmygal specified.

At the same time, according to the Prime Minister, the GTS of Ukraine is ready to function without the transit of Russian natural gas.

As reported, the transit of Russian natural gas through the gas transportation system (GTS) of Ukraine in 2023 decreased by 28.4% (by 5 billion 812.6 million cubic meters) compared to 2022 – to 14 billion 646.6 million cubic meters.

The contract between Naftohaz Ukrainy and Gazprom for the organization of transportation, the transportation agreement between NAK and OGTSU, as well as the inter-operator agreement between OGTSU and Gazprom were signed on December 30, 2019. The contract provides for transit of 40 billion cubic meters of gas per year in 2021-2024.

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Capital of Philippines has become world leader in terms of price growth for luxury housing

Luxury housing in the capital of the Philippines, the most populous city in the world, Manila, rose by 26.3% in 2023 – the highest among the 100 global markets monitored by Knight Frank, writes Mansion Global, citing the company’s report.

The second place in terms of growth was taken by the leader of the previous rating – Dubai, where the cost of luxury residential real estate increased by 16%.

The Bahamas took the third place with a 15% increase, while the fourth and fifth places were shared by the Portuguese Algarve region and South Africa’s Cape Town (+12.3%).

Global luxury housing prices grew by 3.1% last year, while 80 out of 100 monitored markets avoided recession.

Among the world’s regions, the best result was shown by Asia-Pacific, where luxury real estate rose by 3.8%. In North, South and Central America, growth was 3.6%.

The results of 2023 were significantly better than the forecasts of economists at the beginning of the year, said Kate Everett-Allen, head of international residential real estate research at Knight Frank, in the report.

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Igor Liski plans to build window glass plant in Ukraine

Businessman Igor Liski has announced the construction of a $240 million window glass plant in Kyiv region.

“I can now officially announce our new super-ambitious project, which we have been developing for over a year,” Liski wrote on Facebook.

Liski told The Wall Street Journal that he plans to invest about $80 million in the project. According to him, raising project financing is the main challenge when launching a project.

Liski is the owner of the investment holding EFI Group (Effective Investments). His investment areas include healthcare and medtech, paper, food, and woodworking industries, and agricultural supplies.

The company’s businesses include Feednova, an animal fats and feed additives producer, Medical Star healthcare network, Zhytomyr Cardboard Mill, Sam Ecopack, a cardboard packaging manufacturer, Forest Technology, an agricultural products supplier, Efi Agro, and Doc.ua, an online medical hub.

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Conservatives win parliamentary elections in Iran

The Conservatives have won a majority of votes in the Iranian parliamentary elections, a number of Iranian media reported on Monday.

On March 4, the election commission completed the vote count in the elections to the country’s legislature. According to preliminary results, conservative candidates are leading in all provinces of Iran, including Tehran, local media reported.

The candidates will compete for 45 of the 290 seats in the parliament in the second round.

Approximately 25 million Iranian citizens took part in the March 1 elections to the country’s parliament and the Council of Experts. According to preliminary unofficial data, the turnout was approximately 41%.

A record number of candidates were allowed to participate in the parliamentary elections – more than 15.2 thousand people, which was almost 75% of the total number of candidates who initially registered. About 1.7 thousand of the candidates admitted to the elections are women.

According to the Iranian Constitution, five seats in the 290-seat parliament should go to representatives of religious minorities. 144 candidates competed for 88 seats in the Council of Experts, which elects the country’s Supreme Leader.

Many candidates who advocate reforms in Iran were banned from participating in the parliamentary elections, and some political figures, including former Iranian President Hassan Rouhani, were not allowed to run for the Council of Experts, Iranian media reported.

The first meeting of the newly convoked parliament will be held in late May.

Earlier, the Experts Club think tank made a video dedicated to the top 10 elections in the world this year. More detailed analysis is available at

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