National bank of Ukraine’s official rates as of 07/12/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of December 07
One troy ounce=31.10 grams
Since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of December 4, Ukraine has exported 22.12 million tonnes of cereals and legumes, which is 3.4 million tonnes less than on the same date last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, 12.02 million tonnes of wheat (-1.6 million tonnes), 3.71 million tonnes of barley (+0.2 million tonnes) and 6.03 million tonnes of corn (-2.1 million tonnes) have been exported to date.
As of December 4 of this year, 70,300 tonnes of flour were also exported.
As reported, Ukraine exported a record 57.2 million tonnes of grains, legumes and flour in 2019/2020 MY, which is 13.5% more than in the previous MY.
Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metallurgical group, in January-September 2020 reduced capital investments by 40% compared to the same period in 2019 – to $460 million.
Investment cuts were planned, according to Thursday’s preliminary unaudited interim financial results for the nine months of 2020.
“In line with the Group’s 2020 CAPEX priorities for critical asset maintenance and the completion of ongoing strategic investment projects, investments in maintenance and repairs decreased by 39%, while investments in strategic projects were reduced by 43%, which brought their share in the total volume of capital investments to 67% and 33%, respectively, in January-September 2020 (65% and 35% in the nine months of 2019),” the report says.
At the same time, it is noted that Metinvest has made progress in the following key strategic projects: modernization of the 1700 mill at the Mariupol-based Illich Iron and Steel Works (equipment tests are ongoing; a new coiler was installed and the production of the first coils was carried out in November 2020); construction of an air separation unit at the Illich plant; modernization of concentrating equipment at Central Mining and Processing Plant (MPP) (completed in March 2020); construction of a cyclic-flow technology at the Northern MPP (the second stage for transporting rocks) and Inhulets Mining (InGOK, Kryvyi Rih, Dnipropetrovsk region) (Skhidny tract); and completion of the first stage of modernization of the OK-306 roasting machine at Pivnichny MPP.
“A special priority in 2020 is given to the environmental agenda, in which the main current project is the reconstruction of the sinter plant at the Illich plant, which is expected to be completed next year. Many other initiatives have also advanced this year, including the reconstruction of the gas treatment facilities of the casting yard and the bunker rack of blast furnaces. No. 3 at the Illich plant (completed in March 2020) and converters No. 1 and No. 2 at the Azovstal Iron and Steel Works (basic and detailed engineering and technical documentation is being developed),” the document says.
The State Automobile Roads Agency of Ukraine (Ukravtodor) saved about UAH 11.8 billion of budget funds due to the examination of repair projects, Head of Ukravtodor Oleksandr Kubrakov said during the “Network: Forum of Road Industry” in Kyiv on Wednesday.
“Due to the examination, the decrease in the estimated cost of road repair projects amounted to an average of 7% or 8%. In absolute terms, it is almost UAH 12 billion,” he said.
According to Kubrakov, in 2020, for the first time in the history of road construction in Ukraine, 100% of repair facilities, including current average repairs, undergo an independent examination. Previously, no more than 25% of all facilities were examined.
He also said that the repairs have been finished at the moment on 3,900 kilometers of national roads, and 85 artificial structures have been repaired. At the same time, the average cost of one kilometer of the road in 2020 is UAH 20.6 million, which is UAH 4.5 million cheaper year-over-year.
According to Kubrakov, in 2020, the focus is on the quality of roads, not quantity. Therefore, some 90% of the projects in 2020 were equipped with a road base laying that ensures the durability of the road surface.
In addition, in 2020, the volumes of lighting devices (619 kilometers versus 78.8 kilometers in 2019), barrier fencing (515,000 linear meters against 263,000 linear meters in 2019), as well as sidewalks (206,000 linear meters against 43,500 linear meters in 2019).
In addition, the savings in 2020 auctions rose to 7.8% (the average savings over the past five years is 6.2%).
The state enterprise Artyomsol (Donetsk region) in January-November 2020 produced more than 1.03 million tonnes of salt, which is 43.8% less than in the same period last year, the company has told Interfax-Ukraine.
According to a statement on the website of the state-owned enterprise, in November 2020 Artyomsol produced 132,900 tonnes of salt, the highest figure in the 11 months of this year.
“Now we are in a difficult situation, a number of problems have been accumulating at the enterprise for years. In addition to external factors, Artyomsol was burdened with unfavorable and dubious contracts. We are reviewing our contractual relations and applying the principle of openness. A contract campaign has been announced on our website, everyone can apply for the intention to cooperate. Unfortunately, not all partners with whom we have completed cooperation on contracts agree with this decision,” head of the enterprise Viktoria Lutsenko said.
She also pointed out that the enterprise is developing a comprehensive anti-crisis program, which includes increasing the profitability of the enterprise, modernizing production, raising workers’ wages.
Artyomsol is one of the largest enterprises for the extraction and sale of sodium chloride (NaCl) in Central and Eastern Europe. The production facilities of Artyomsol are located in Soledar, Donetsk region. The company exports its products to 15 countries of the world.
