Business news from Ukraine

Business news from Ukraine

METINVEST TO INVEST UAH 2.3 BLN IN ENVIRONMENTAL PROTECTION MEASURES

The Northern Mining and Processing Plant (Northern GOK, Kryvy Rih, Dnipropetrovsk region), which is the part of the Metinvest Group, will invest UAH 2.3 billion in environmental protection measures in 2020.
Metinvest Kryvyi Rih said on Facebook on Thursday, August 20, that Northern GOK continues seeking effective ways of environmental protection.
“This time peat hydroxide reagent was successfully tested during the blasting operations in the mine. Earlier, spraying of the reagent in the Hannivsky mine helped to reduce dusting by 30% and gas emission by 70%,” it said.
As reported, Metinvest plans to invest UAH 3.1 billion in the modernization and overhauls of equipment and construction of strategic facilities at Northern GOK in 2020.
Northern GOK is a part of the Metinvest Group, the main shareholders of which are JSC System Capital Management (SCM, Donetsk) (71.24%) and Smart Holding group of companies (23.76%).
The holding company of the Metinvest Group is Metinvest Holding LLC.

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UKRAINIAN MINISTRY OF ENERGY AND ENVIRONMENTAL PROTECTION TO BE DIVIDED

The Ministry of Energy and Environmental Protection of Ukraine will be divided into two relevant departments, Prime Minister of Ukraine Denys Shmyhal has said.
“The separation of the ministry and the creation of the post of the profile minister of ecology are on the agenda,” he said in an exclusive interview with Interfax-Ukraine, emphasizing that the previous merger of the ministries did not produce the expected effect.
“It was strange for me when I got to the first meetings of the Cabinet of Ministers, when the minister of energy first reported on the state of affairs in the nuclear energy industry, then the coal industry, and then on the Red Book plants and catch of bloodworms. Since then, I have been a supporter of the idea that a professional ecologist should be involved in ecology, to whom it is close and who lives with it,” Shmyhal said.
As reported, in August 2019, the Verkhovna Rada supported the candidatures for the posts of members of the new Cabinet of Ministers of Ukraine. By this decision, the Minister of Energy and Environmental Protection of Ukraine was appointed. Prior to this, the government had two separate ministries: the Ministry of Energy and the Ministry of Ecology.

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