Metinvest Group, the most important metal producer in Ukraine, has acquired its first coal cargo from america following the suspension of operations on the Pokrovske Coal Firm.
Supply: press service for Metinvest
Particulars: The majority provider Bison delivered 80,000 tonnes of coking coal from United Coal Firm (UCC), which can assist make sure the steady operation of Metinvest's metal crops, notably Zaporizhstal and Kametstal.
The press service famous that Metinvest switched to various sources of provide after suspending the operations of the Pokrovske Coal Firm, the one provider of coking coal in Ukraine.
Metinvest CEO Yurii Ryzhenkov acknowledged, "Regardless of the difficult situations within the Ukrainian metal business because of the aggressor's ongoing invasion, we now have mobilised our assets to make sure the business's operation. Provides of US coal is not going to solely help metal manufacturing at Kamianske and Zaporizhzhia, however can even present jobs for tens of 1000’s of workers and contractors".
John Schroder, CEO of United Coal Firm, added, "UCC stays dedicated to supporting the Group and contributing to financial stability and resilience in Ukraine by making certain constant coal deliveries that can allow uninterrupted metal manufacturing within the nation".
Background:
- In 2024, Metinvest reported a lack of US$1.15 billion.
- In 2024, Metinvest's coal focus manufacturing decreased by 22% in comparison with 2023 – to 4.2 million tonnes.
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