“The Pokrovsk Coal Group supplies coking coal for the production of Metinvest, but the company has a plan B in case of a possible takeover of the Pokrovsk region by the Russians.”, — write: www.epravda.com.ua
The Pokrovsk Coal Group supplies coking coal for Metinvest’s production facilities, but the company has a plan B in case of a possible takeover of the Pokrovsk region by the Russians.
General Director of “Metinvest” Yury Ryzhenkov told about this in an interview with Forbes Ukraine.
As the CEO of “Metinvest” noted, even in the event of the loss of Pokrovska, production will not stop. It is possible to purchase coal from the DTEK company in Poland, as well as from Metinvest mines in the USA.
In addition, the company can import coking coal. However, the loss of the city and the coal group will not be painless and will be a blow to the Ukrainian economy, says Ryzhenkov.
If we have to import coal, the cost of production will increase. This may lead to a reduction in production volumes in some markets, as well as to a decrease in metallurgical production and the productivity of mining and processing plants. As a result, the state will lose a significant part of tax revenues.
The head of “Metinvest” emphasized that after the loss of Mariupol, the economy has already suffered great losses, but the financial support of partners helps temporarily cover these losses.
However, after the end of the war, when the country will have to live on its own money, the consequences of losses will become much more obvious.
We will remind:
The company “Metinvest” plans to start the construction of a metallurgical plant in the Italian city of Piombino at the end of this year – the beginning of 2025.
Economic truth.