KYIV. Nov 18 (Interfax-Ukraine) – Avellana Gold Ltd. (Cyprus) has acquired 100% of PJSC Carpathian Mining Company (Karpatska Rudna Kompaniya, Berehove, Zakarpattia region) and will invest $400,000 in it, which is equivalent to UAH 10.404 million.
According to the company, the decision to raise funds was made on November 16 this year.
The ratio of the market value of funds raised to the value of the issuer’s assets, according to the latest annual financial report, is 68.65%.
The terms of attracting funds are not disclosed.
PJSC Carpathian Mining Company is the successor of Carpathian Mining Company LLC, which was registered on June 13, 2012. Its core business is production of non-ferrous metal ore. Its charter capital stands at UAH 13.55 million.
As of the second quarter of this year, Avellana Gold Ltd. (Cyprus) held 100% of PJSC Carpathian Mining Company.
KYIV. Nov 18 (Interfax-Ukraine) – Dnipro-based Pivdenne Machine Building Plant named after Makarov (Pivdenmash) is preparing to ship to the U.S. Orbital ATK Inc. two main structures of the first stage of the Antares medium-class launch vehicle, whose cargo flights to the International Space Station (ISS) under a contract with NASA have resumed in October after its upgrading.
According to a report on the Pivdenmash website, in late October, representatives of the American company inspected the missiles. At present, one of the rockets has already been loaded on the railway platform, the installation of the systems on the second rocket is being completed. This work is expected to end in November.
“It is planned that two missiles will be delivered to Mykolaiv port soon from where they will be sent to the launch site,” the report says.
Ukraine and the United States have been cooperating under the Antares program since 2008. Orbital ATK designed the Antares launch vehicle under a contract with NASA worth $1.9 billion.
The basic structure of the first-stage launcher was designed by Pivdenne Design Bureau and produced at Pivdenmash. Ukraine’s Hartron-Arkos, Hartron-Ucom, Chezara (Chernihiv Plant of Radio Equipment), and Rapid are also involved in cooperation on the project.
In October 2014, the launch to the International Space Station of a private cargo spacecraft, Cygnus, atop an Antares rocket from NASA’s Wallops flight facility in the state of Virginia ended in failure: the rocket exploded just seconds after the liftoff. The failure was traced to a fault in the first stage engines.
After this, Orbital ATK decided to replace the first stage engine. Following a tender for the new version of the Antares, Russian RD-181 oxygen-kerosene engines were selected as the engines of the first stage. Ukrainian experts ensured replacement and compatibility of the new engines of the first stage with a minimum change in the basic configuration of the missile.
Five launches of Antares are scheduled to be conducted by the end of 2018, six more between 2019 and 2024.
According to earlier reports, the U.S. plans to fully stop using Russian RD-180 engines, which are now used by the rocket Atlas 5 of the U.S. United Launch Alliance (ULA)., by 2019 due to the restrictions imposed on military-technical cooperation with Russia by the Congress in 2014. The supply of RD 180 engines, which are installed on new rocket Antares for the ISS, is now limited to the civilian sphere. Among the participants in the tender fort the development of engines to replace the Russian RD 190, which the U.S. Air Force announced in June 2015, was Ukraine’s design and construction bureau Pivdenne (Dnipro) with its new liquid RD 815.
At the moment, Ukraine and the U.S. continue negotiations on cooperation in rocket engines production.
KYIV. Nov 18 (Interfax-Ukraine) – Risoil S.A. plans to invest about $70 million in building the third and fourth stages of Risoil Terminal grain terminal at the Black Sea port (Chornomorsky port, Odesa region).
According to a company report on Facebook, in March 2016 it launched the first two stages of the grain terminal. The amount of investments was $70 million.
“Now we plan to build the third and fourth phases, which include the construction of the second universal warehouse, an auto loading station and a double-sided pier,” the statement reads.
The amount of investments will be also about $70 million.
Risoil S.A. was founded in Geneva, Switzerland, in 2000. Its core business is logistics of oil, bulk and general cargoes in the Black Sea ports, sale and production of vegetable oils, trade in grains and oilseeds in containers, storage and processing of agricultural products.
KYIV. Nov 18 (Interfax-Ukraine) – Ukraine’s Infrastructure Ministry has announced the start of the infrastructure projects contest.
“The Infrastructure Ministry with the help of the reform support group has announced a start of the infrastructure projects contest. This means that any region, city, town or rural community could submit an application to look for an investor to implement projects in the transport and infrastructure sphere. The best projects would be selected. The reform support group that works at the ministry would look for financing to realize them,” the ministry’s press service said, citing Infrastructure Minister Volodymyr Omelyan.
The minister said that the program is intended to support reforming of the transport and infrastructure system at the local level. The projects are to aim at increasing comfort and safety of citizens.
“Infrastructure projects could be financed only if the national interests are observed. The financing cannot be raised for private companies. This is investment in the development of the state, not private business,” Omelyan said.
The application submission system will be available on the ministry’s website.
KYIV. Nov 18 (Interfax-Ukraine) – Reikartz Hotel Group has signed an agreement for the management of the four-star Dacia hotel, located in Chisinau (Moldova) and announces the beginning of active work on expanding the network outside Ukraine, according to its website.
“In autumn of 2014 the company’s assets were replenished with a hotel in Sweden, but right now we are beginning active work towards the expansion of the network abroad. Today we are talking about the joining of Dacia hotel in Chisinau and in the near future we’ll call other hotels abroad that will enter the Reikartz network,” Director General of Reikartz Hotel Group Magnus Wetterholm said.
According to the report, Reikartz plans to reconstruct the new hotel, afterwards it will renamed Reikartz Chisinau.
Now Dacia hotel has 84 rooms, a bar, a restaurant serving European and local cuisine, two meeting rooms for corporate events, a hairdresser, a laundry, a dry cleaning station and a parking lot.
Reikartz started activities in the field of hotel services in Ukraine in 2003 after the acquisition by a group of Belgian architects headed by Francois Ryckaerts of an old mansion in Drukarska Street in the center of Lviv.
Ukrainian industrialists and entrepreneurs have been seeking more efficient cooperation with lawmakers, therefore they have supported an initiative to create a representative office in Ukraine’s parliament. The concept of the office is to be presented at the 14th Congress of the Ukrainian League of Industrialists and Entrepreneurs (ULIE), which is scheduled for November 10. A candidate for its future head will also be discussed there.
Entrepreneurs will use the new office to work with parliamentarians on important issues of the current economic situation, trends in the domestic market, to lobby MPs for the adoption of laws on the development of domestic industry, support of small- and medium-sized enterprises, financing of science and innovative developments, and more. In addition, the office will provide all necessary information to lawmakers about production, business to improve the analysis of the situation in the economic sector of Ukraine. “Businesses need their own representative in the legislature of the country. A practical and accessible mechanism should be created for communication between businesses that create jobs and pay taxes to the budget and members of the legislature who take important decisions to stimulate production, improve the economy. Joint efforts of Members of Parliament and civil society to promote effective reforms in the country should yield good results,” ULIE President Anatoliy Kinakh said.
The ULIE’s representation will use the organization’s best practice to analyze and assess initiatives to rebuild industrial capacity, create industrial and technological parks, introduce micro crediting, etc.
