DOCSLIB.ORG

For Over 35 Years

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

FERREXPO PLC A NN UA L REPORT A ND A CCO U NT S 2014 SUPPLYING THE WORLD WITH IRON ORE PELLETS for over 35 YEARS FERREXPO PLC ANNUAL REPORT AND ACCOUNTS 2014 STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS FERREXPO IS AN IRON ORE PELLET PRODUCER WITH MINES IN UKRAINE AND TRANSPORT AND saLES OPERATIONS THROUGHOUT THE WORLD. Since Ferrexpo’s IPO in June 2007, it has maintained a premium listing on the main market of the London Stock Exchange. The Group operates to high standards of corporate governance. Ferrexpo is the largest exporter of iron ore pellets in the Former Soviet Union (the “FSU”) and the fifth largest supplier of pellets to the global steel industry. As a result of the Group’s large iron ore deposit, significant past investment into its operations and its established logistics infrastructure, the Group is an efficient and competitive producer of premium iron ore pellets on a delivered basis to its well regarded customer base around the world. Yeristovo Poltava mine mine The town of Komsomolsk Pelletiser facilities Concentrator Tailings facilities dam STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS ABOUT FERREXPO Ferrexpo’s resource base is one of the largest iron ore deposits in the world. As of 1 January 2015, the Group had 6.7 billion tonnes of JORC classified resources and, in addition, it had 13.1 billion tonnes of FSU classified resources. At today’s production rates, Ferrexpo believes there are enough reserves for more than 50 years of production. The resource consists of nine magnetite mineral deposits, with an average iron content of 32%. PROCESSING AND LOGISTICS GLOBAL CUSTOMER BASE The mining and processing operations are located on the The Group is export-oriented, with virtually all of its sales banks of the Dnieper River, next to the city of Komsomolsk, made to a diversified customer base in Austria, China, in the Poltava region of central Ukraine. Japan, Germany, Slovakia as well as other European and Asian countries. Ferrexpo has marketing offices The ore mined is beneficiated into high grade concentrate, in China, Japan, Singapore, Switzerland, the UAE and which is then fired into iron ore pellets. Ferrexpo currently sell Ukraine, which are dedicated marketing and trading arms two types of pellets which differ primarily due to the amount and manage the Ferrexpo’s customer relationships. of iron content they contain – 65% Ferrexpo Premium Pellets (“FPP”) and 62% Ferrexpo Basic Pellets (“FBP”) Ferrexpo’s approach is based on building long-term relationships with customers who produce high-quality The Group’s logistics infrastructure enables it to transport its steel and have a competitive advantage in their chosen pellets by rail, primarily with Ferrexpo’s own rail cars, from the markets. The Group enters into long-term supply contracts mines to the western border of Ukraine to connect with the with such customers and this, combined with Ferrexpo’s European rail network and to the southern port of TIS-Ruda low cost base, facilitates a stable sales volume across for seaborne shipments various industry cycles and has allowed Ferrexpo to maintain positive operating cash flows since 2006. The significantly shorter shipping distance to both Europe and Asia from Ukraine, compared to our key Brazilian pellet producing peers, allows us to deliver pellets on a competitive basis to these markets. CAPITAL INVESTMENT US$MILLION 430 378 276 278 US$ BN 232 2.0 We have invested approximately US$2 billion into our mining, and logistics operations since our IPO in 2007. 167 105 As of 31 December 2014, Ferrexpo completed a major 86 programme of modernisation and expansion of its mining and logistics operations, which included an upgrade of the existing facilities and the development of FYM and its associated 2 0 0 7 2 0 0 8 2 0 0 9 2 0 10 2 0 11 2 0 12 2 0 13 2 0 14 infrastructure. As a result Ferrexpo has 12 million tonnes of installed pelletising capacity KEY STRENGTHS Ferrexpo’s business is well positioned due to the following key strengths: – Producer of iron ore pellets, a premium product; – Reliable and competitive cost producer on a delivered basis; – Well invested asset base following a significant modernisation programme; +35yrs 11.0 Mtns – High quality and diverse customer portfolio under long-term Ferrexpo has been mining and In 2014, the Group produced framework agreements; processing high quality iron 11.0 million tonnes of pellets, a – Integrated rail, port and shipping and barging capabilities; ore pellets for the global steel 2% increase compared to 2013. – Significant resource base to support current production levels; industry for over 35 years. and – Strong corporate governance and experienced management team. STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS THE FERREXPO BUSINESS MODEL Ferrexpo’s vision is to continually grow the Group’s output of iron ore by developing our substantial resources in a sustainable and environmentally sensitive manner whilst developing our people and allowing them to achieve their full potential. OUR COMPETITIVE ADVANTAGES ACROSS THE IRON ORE VALUE CHANGE DEVELOPMENT MINING PROCESSING LOGISTICS MARKETING LARGE BROWNFIELD LOW COST PELLET A HIGH QUALITY AN INTEGRATED LONG-TERM RESOURCE PRODUCER PRODUCT SOLUTION CUSTOMER RELATIONSHIPS G I N D T E V E E K L R O A P M M E N T L O ADDING G I VALUE S G T N I I C N S I M P R O C E S S I N G UNDERPINNED BY FINANCIAL DISCIPLINE STRONG GOVERNANCE Ferrexpo targets prudent balance Ferrexpo is dedicated to maintaining sheet ratios with net debt levels high standards of corporate governance commensurate with the long-term throughout the Group, as well as iron ore price outlook and the risk instilling a culture of commitment and profile of the business. accountability in all employees. STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS 01 FINANCIAL HIGHLIGHTS 2014 16% 2% INCREASE IN 65%FE PELLETS TOTAL PRODUCTION VOLUMES STRATEGIC REPORT 65% Fe pellet volumes of 5.8 million Production volumes of 11.0 million tonnes IFC About Ferrexpo tonnes (2013: 10.8 million tonnes) IFC Ferrexpo Business Model (2013: 65% Fe pellet 5.0 million tonnes) 01 Financial Highlights 2014 02 Overview of Business Model 02 Open Pit Mining 04 A Low Cost Producer 06 A Central Location 08 A Responsible Approach 10 Strategic Framework 12 Progress Against Strategy 14 2014 Performance Review % % 26 Principal Risks 4 47 32 Corporate Social Responsibility SALES VOLUME IRON ORE PRICES Sales volumes of 11.2 million tonnes The 62% Fe CFR fines iron ore price CORPORATE GOVERNANCE (2013: 10.7 million tonnes) to China declined 47% in 2014 to 38 Board of Directors US$72/tonne 40 Executive Committee (31 December 2013: US$135/tonne) 41 Corporate Governance Report 50 Remuneration Report 66 Directors’ Report 70 Statement of Directors’ Responsibilities US$ BN FINANCIAL STATEMENTS 1.4 23% 71 Financial Contents 72 Independent Auditor’s Report to REVENUE C1 CASH COST the Members of Ferrexpo plc Revenue declined by 12% The C1 cash cost declined 23% 79 Consolidated Income Statement (2013: US$1.6BN) to US$46/tonne 80 Consolidated Statement of (2013: US$60/tonne) Comprehensive Income 81 Consolidated Statement of Financial Position 82 Consolidated Statement of Cash Flows 83 Consolidated Statement of Changes in Equity 84 Notes to the Consolidated Financial US$ M ¢ Statements 496 30.39 137 Parent Company Balance Sheet 138 Notes to the Parent Company EBITDA DILUTED EARNINGS Financial Statements EBITDA declined by 2% PER SHARE 141 Appendix 1 – Subsidiary Risks (2013: US$506 millon) Earnings per share declined by 32% 143 Glossary (2013: US44.69 cents) 147 Shareholder Information The future is in our hands Ferrexpo believes that a successful business and a sustainable business are one and the same. For more information please visit our website ferrexpo.com FERREXPO PLC ANNUAL REPORT AND ACCOUNTS 2014 STRATEGIC REPORT CORPORATE GOVERNANCE 02 FINANCIAL STATEMENTS OVERVIEW OF BUSINESS MODEL OPEN Pit miNING with a LONG-LifE RESOURCE Ferrexpo’s significant resource base is situated along a single ore body, which allows for efficient expansion through brownfield developments. The development of the Yeristovo pit (FYM) was the first new open pit in the Former Soviet Union since Independence. 20.7 Mtns OF IRON ORE PROCESSED IN 2014 AT FPM 9.3 Mtns OF IRON ORE PROCESSED IN 2014 AT FYM FERREXPO PLC ANNUAL REPORT AND ACCOUNTS 2014 STRATEGIC REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS 03 BROVARKOVSKOYE 4.0BT 13.1 BT MANUILOVSKOYE 3.4BT FSU SOVIET CLASSIFIED KHARCHENKOVSKOYE 2.8BT RESOURCES 50yrs VASILIEVSKOYE 1.4BT ZARUDENSKOYE 1.5BT AT TODAy’s production RATES, THE GROUP HAS ENOUGH RESERVES FOR GALESCHINSKOYE 0.3BT MORE THAN FIFTY YEARS of production 6.7 BT BELANOVSKOYE 1.7BT J O R C CLASSIFIED RESOURCES YERISTOVSKOYE 1.2BT MINE LIFe – 22 YEARS GORISHNE-PLAVNINSKOYE & LAVRIKOVSKOYE 3.5BT MINE LIFe – 23 YEARS JORC Reserve Statements as at 1 January 2015 Ore Reserves Fe grade Fe grade Proved Fe grade total magnetite Probable Fe grade total magnetite Deposit (million tonnes) (% Fe tot) (% Fe mag) (million tonnes) (% Fe tot) (% Fe mag) Gorishne-Plavninskoye(1) 181 26 17 475 30 22 Lavrikovskoye(1) 34 31 21 88 32 23 Yeristovskoye(2) 242 34 27 418 32 25 JORC Reserves 457 31 23 981 31 23 1 The reserves estimates for the GPL deposits are those estimated in the report by Turgis Consulting (Pty) Ltd. dated 25 July 2008, less our estimates of the volume of ore mined from GPL deposits between 2008 and 31 December 2014 from the estimates stated in that report. 2 The reserves estimates for the Yeristovskoye deposits are based on a report by Royal Haskoning DHV (UK) Ltd.
Recommended publications
  • 2.5 Ukraine Waterways Assessment

    2.5 Ukraine Waterways Assessment

    2.5 Ukraine Waterways Assessment Ukraine has high potential navigable rivers - over 4 thousand km: there are traditional waterways Dnipro - 1,205 km and its tributaries (Desna- 520 km, Pripyat - 60 km) and Dunay - 160 km, Bug - 155 km, and other so-called small rivers. Dnipro River and its major tributaries Desna and Pripyat carried out to 90% of total transport. The remaining 10% are Dunai and other rivers (Desna, Dniester, Southern Bug, Seversky Donets, Ingulets, Vorskla, etc.). Since Ukraine gained independence in 1991, length of river waterways decreased almost twice (from 4 thousand. Km to 2.1 thousand. Km). At the same time the density of river shipping routes reduced 1.75 times; intensity of freight transport - in 4,3 times, and passenger transportation - 7.5 times The volume of traffic fellt to 60 mln. MT in 1990 to 12 mln. MT in 2006, and then - to 5 mln. MT in 2014. Over the past two or three years, inland waterway transportation is only 0.2 - 0.8% of all the cargo traffic. The main categories of goods that are transported via inland waterway – agricultural products (mainly grain), metal products, chemicals. Company Information Only few companies operate on rivers. First, it is a private company "Ukrrichflot" http://ukrrichflot.ua/en/ , declares the presence of about 100 vessels of various types and their ports and other elements of the port infrastructure. The second important market player - Agrocorporation "NIBULON" http://www. nibulon.com/ . The company owns a private fleet and private river terminals. Dnipropetrovsk River
  • Chapter 5 Drainage Basin of the Black Sea

    Chapter 5 Drainage Basin of the Black Sea

    165 CHAPTER 5 DRAINAGE BASIN OF THE BLACK SEA This chapter deals with the assessment of transboundary rivers, lakes and groundwa- ters, as well as selected Ramsar Sites and other wetlands of transboundary importance, which are located in the basin of the Black Sea. Assessed transboundary waters in the drainage basin of the Black Sea Transboundary groundwaters Ramsar Sites/wetlands of Basin/sub-basin(s) Recipient Riparian countries Lakes in the basin within the basin transboundary importance Rezovska/Multudere Black Sea BG, TR Danube Black Sea AT, BA, BG, Reservoirs Silurian-Cretaceous (MD, RO, Lower Danube Green Corridor and HR, CZ, DE, Iron Gate I and UA), Q,N1-2,Pg2-3,Cr2 (RO, UA), Delta Wetlands (BG, MD, RO, UA) HU, MD, ME, Iron Gate II, Dobrudja/Dobrogea Neogene- RO, RS, SI, Lake Neusiedl Sarmatian (BG-RO), Dobrudja/ CH, UA Dobrogea Upper Jurassic-Lower Cretaceous (BG-RO), South Western Backa/Dunav aquifer (RS, HR), Northeast Backa/ Danube -Tisza Interfluve or Backa/Danube-Tisza Interfluve aquifer (RS, HU), Podunajska Basin, Zitny Ostrov/Szigetköz, Hanság-Rábca (HU), Komarnanska Vysoka Kryha/Dunántúli – középhegység északi rész (HU) - Lech Danube AT, DE - Inn Danube AT, DE, IT, CH - Morava Danube AT, CZ, SK Floodplains of the Morava- Dyje-Danube Confluence --Dyje Morava AT, CZ - Raab/Rába Danube AT, HU Rába shallow aquifer, Rába porous cold and thermal aquifer, Rába Kőszeg mountain fractured aquifer, Günser Gebirge Umland, Günstal, Hügelland Raab Ost, Hügelland Raab West, Hügelland Rabnitz, Lafnitztal, Pinkatal 1, Pinkatal 2, Raabtal,
  • The Cossack Myth: History and Nationhood in the Age of Empires

    The Cossack Myth: History and Nationhood in the Age of Empires

    THE COSSACK MYTH In the years following the Napoleonic Wars, a mysterious manuscript began to circulate among the dissatisfied noble elite of the Russian Empire. Entitled The History of the Rus′, it became one of the most influential historical texts of the modern era. Attributed to an eighteenth-century Orthodox archbishop, it described the heroic struggles of the Ukrainian Cossacks. Alexander Pushkin read the book as a manifestation of Russian national spirit, but Taras Shevchenko interpreted it as a quest for Ukrainian national liberation, and it would inspire thousands of Ukrainians to fight for the freedom of their homeland. Serhii Plokhy tells the fascinating story of the text’s discovery and dissemination, unravelling the mystery of its authorship and tracing its subsequent impact on Russian and Ukrainian historical and literary imagination. In so doing, he brilliantly illuminates the relationship between history, myth, empire, and nationhood, from Napoleonic times to the fall of the Soviet Union. serhii plokhy is the Mykhailo Hrushevsky Professor of Ukrainian History at Harvard University. His previous publications include Ukraine and Russia: Representations of the Past (2008)andThe Origins of the Slavic Nations: Premodern Identities in Russia, Ukraine and Belarus (2006). Downloaded from Cambridge Books Online by IP 210.212.129.125 on Sun Dec 23 05:35:34 WET 2012. http://ebooks.cambridge.org/ebook.jsf?bid=CBO9781139135399 Cambridge Books Online © Cambridge University Press, 2012 new studies in european history Edited by PETER
  • PRESERVING the DNIPRO RIVER Harmony, History and Rehabilitation PRESERVING the DNIPRO RIVER

    PRESERVING the DNIPRO RIVER Harmony, History and Rehabilitation PRESERVING the DNIPRO RIVER

    PRESERVING THE DNIPRO RIVER harmony, history and rehabilitation PRESERVING THE DNIPRO RIVER harmony, history and rehabilitation International Dnipro Fund, Kiev, Ukraine, National Academy of Sciences of Ukraine, International Development Research Centre, Ottawa, Canada, National Research Institute of Environment and Resources of Ukraine PRESERVING THE DNIPRO RIVER harmony, history and rehabilitation Vasyl Yakovych Shevchuk Georgiy Oleksiyovich Bilyavsky Vasyl M ykolayovych Navrotsky Oleksandr Oleksandrovych Mazurkevich Library and Archives Canada Cataloguing in Publication Preserving the Dnipro River / V.Y. Schevchuk ... [et al.]. Includes bibliographical references and index. ISBN 0-88962-827-0 1. Water quality management--Dnieper River. 2. Dnieper River--Environmental conditions. I. Schevchuk, V. Y. QH77.U38P73 2004 333.91'62153'09477 C2004-906230-1 No part of this book may be reproduced or transmitted in any form, by any means, electronic or mechanical, including photocopying and recording, information storage and retrieval systems, without permission in writing from the publisher, except by a reviewer who may quote brief passages in a review. Publishing by Mosaic Press, offices and warehouse at 1252 Speers Rd., units 1 & 2, Oakville, On L6L 5N9, Canada and Mosaic Press, PMB 145, 4500 Witmer Industrial Estates, Niagara Falls, NY, 14305-1386, U.S.A. and International Development Research Centre PO Box 8500 Ottawa, ON K1G 3H9/Centre de recherches pour le développement international BP 8500 Ottawa, ON K1G 3H9 (pub@ idrc.ca / www.idrc.ca)
  • Guides to German Records Microfilmed at Alexandria, Va

    Guides to German Records Microfilmed at Alexandria, Va

    GUIDES TO GERMAN RECORDS MICROFILMED AT ALEXANDRIA, VA. No. 58. Records of German Field Commands: Corps (Part HI) The National Archives National Archives and Records Service General Services Administration Washington: 1968 This finding aid has "been prepared by the National Archives as part of its program of facilitating the use of records in its custody. The microfilm described in this guide may be consulted at the National Archives, where it is identified as Microcopy No. T-31^. A price list appears on the last pages. Those desiring to purchase microfilm should write to the Publications Sales Branch. The National Archives, Washington, D.C. 20^08. Some of the papers reproduced on the microfilm referred to in this and other guides of the same series may have been of private origin. The fact of their seizure is not believed to divest their original owners of any literary property rights in them. Anyone, therefore, who publishes them in whole or in part without permission of their authors may be held liable for infringement of such literary property rights. GUIDES TO GERMAN RECORDS MICROFILMED AT ALEXANDRIA, VA. No. 58. Records of German Field Commands: Corps (Part III) (X - XVII Corps) The National Archives National Archives and Records Service General Services Administration Washington: 1968 R E E This Guide is one of a series of finding aids describing of these duties by the National Archives. All folders ac- the seized German records deposited in the National Archives. cessioned by the Heeresarchiv were assigned numbers in se- The series was initiated by the Microfilming Project of the quence and logged in by unit in the Potsdam Catalog.
  • Transboundary Water Resources in the Former Soviet Union: Between Conflict and Cooperation

    Transboundary Water Resources in the Former Soviet Union: Between Conflict and Cooperation

    Volume 36 Issue 2 Spring 1996 Spring 1996 Transboundary Water Resources in the Former Soviet Union: Between Conflict and Cooperation Sergei Vinogradov Recommended Citation Sergei Vinogradov, Transboundary Water Resources in the Former Soviet Union: Between Conflict and Cooperation, 36 Nat. Resources J. 393 (1996). Available at: https://digitalrepository.unm.edu/nrj/vol36/iss2/8 This Article is brought to you for free and open access by the Law Journals at UNM Digital Repository. It has been accepted for inclusion in Natural Resources Journal by an authorized editor of UNM Digital Repository. For more information, please contact [email protected], [email protected], [email protected]. SERGEI VINOGRADOV* Transboundary Water Resources in the Former Soviet Union: Between Conflict and Cooperation ABSTRACT The demiseof the Soviet Union created new internationalboundaries and, as a result, a host of legal problems related to the management and utilization of natural resources divided by these boundaries. This article surveys the most importanttransboundary water systems, shared by the former Soviet republics,and examines an emerging legal framework for cooperation, multilateral,regional and bilateral,between them. Although the currentapproach to the use of transboundary water resources is still influenced by the practices established in the former Soviet Union, there is a tendency towards greater reliance upon internationallaw in addressingwater-related issues of common concern. I. INTRODUCTION The disintegration of the Soviet Union and the emergence of newly independent states (NIS) gave rise to a number of political, economic and legal problems, exceptional in scale and complexity. While only a few of these countries are truly politically and economically independent, the relationships between the NIS are governed by international law, and it is for international lawyers to assess the possible political and legal repercussions of the latest developments.
  • Black Sea and Sea of Azov Region Year No

    Black Sea and Sea of Azov Region Year No

    Black Sea and Sea of Azov Region Year No. ENC.000 Title Scale of issue 3001 UA2T3001 Black Sea and Sea of Azov 1 250 000 2007 3101 UA2T3101 Black Sea. Western Part 750 000 2020 3102 UA2T3102 Black Sea. Eastern Part 750 000 2020 3103 UA2T3103 Sevastopol Port to Portul Constanta 500 000 2014 3104 UA2T3104 Sevastopol to Novorosiisk 500 000 2017 3105 UA2T3105 Novorosiisk to Persembe Limani 500 000 2016 3106 UA2T3106 Ordu Körfezi to Amasra Limanı 500 000 2018 3107 UA2T3107 Portul Constanţa to Amasra Limanı 500 000 2018 3108 UA2T3108 Sea of Azov 500 000 2018 3201 UA3T3201 Odesa to Gura Sulina 200 000 2009 3202 UA3T3202 Odesa to Zaliznyi Port Settlement 200 000 2021 3203 UA3T3203 Karkinitska Gulf 200 000 2016 3204 UA3T3204 Sevastopol to Tarkhankut Cape 200 000 2020 3205 UA3T3205 Sevastopol to Mehanom Cape 200 000 2020 3206 UA3T3206 Feodosiia to Anapa 200 000 2016 3207 UA3T3207 Anapa to Tuapse 200 000 2017 3208 UA3T3208 Tuapse Port to Pitsunda Cape 200 000 2015 UA3T3209 Pitsunda Cape to Batumi Port 200 000 3209 2015 UA53209A Ochamchyra Port 10 000 3210 UA3T3210 Poti Port to Trabzon Limani 200 000 2016 UA3T3216 Tsarevo Bay to Şile Burnu 200 000 3216 2018 UA53216A Tsarevo Bay 10 000 3217 UA3T3217 Kaliakra Cape to Tsarevo Bay 200 000 2018 UA3T3218 Gura Sfîntu Gheorghe to Kaliakra Cape 200 000 3218 2016 UA43218A Portul Midia 50 000 3219 UA3T3219 From 42°10' N to 43°25' N, from 29°36' E to 31°56' E 200 000 2017 3220 UA3T3220 Sea of Azov.
  • Social Stratifi Cation of the Population of the Forest-Steppe Area Of

    Social Stratifi Cation of the Population of the Forest-Steppe Area Of

    Sprawozdania Archeologiczne, 2017, 69, s. 133-183 SPRAWOZDANIA ARCHEOLOGICZNE 69, 2017 PL ISSN 0081-3834 DOI: 10.23858/SA69.2017.007 Marcin Burghardt* SOCIAL STRATIFICATION OF THE POPULATION OF THE FOREST-STEPPE AREA OF THE DNIEPERLAND IN THE EARLY SCYTHIAN PERIOD (VII – FIRST HALF OF VI CENT. BC) ABSTRACT Burghardt M. 2017. Social stratifi cation of the population of the forest-steppe area of the Dnieperland in the Early Scythian period (VII – fi rst half of VI cent. BC). Sprawozdania Archeologiczne 69, 133-183. The paper raises the question of the reconstruction of the social structure of the Early Scythian population of the forest-steppe area of the Dnieperland. In the course of analysis, it was established that the most important elements of funeral rites among the population related to this group, as well as based on ancient writers, are the size and the complexity of burial and mound construction, and the diversity of grave goods. The classifi cation of 197 burial complexes carried out in relation to the above-mentioned features, with the use of statistical inference methods, has led to separation of seven classes of graves, which may be combined within different social classes. The higher and the lower aristocracy, the ordinary population with the distinguishing class of warriors and the poorest population are numbered to these classes. The lowest place in the social hierarchy was represented by the people buried in the graves of representatives of upper classes. Key words: burials, social stratifi cation, Scythian archaeology, Early Scythian Culture, Early Iron Age, Forest- Steppe zone Received: 21.01.2017; Revised: 06.05.2017; Accepted: 12.06.2017 *Institute of Archaeology, Rzeszów University, Moniuszki st.
  • The Ukrainian Weekly, 2021

    The Ukrainian Weekly, 2021

    INSIDE: l Kobzarska Sitch bandura camp update – page 4 l Iskra Ukrainian Dance Academy holds in-person recital – page 8 l Ukraine national soccer team fan guide for Euro championship – page 9 THEPublished U by theKRAINIAN Ukrainian National Association Inc., a fraternal Wnon-profit associationEEKLY Vol. LXXXIX No. 24 THE UKRAINIAN WEEKLY SUNDAY, JUNE 13, 2021 $2.00 In show of support, Biden invites Ukraine’s Zelenskyy frustrated over lack of support Zelenskyy to the White House from key allies in face of Russian aggression RFE/RL stop in Geneva for a face-to-face meeting with Russian President Vladimir Putin on Receives White House invitation for July U.S. President Joe Biden has invited June 16. Ukrainian President Volodymyr Zelenskyy The call comes amid some frustration in to visit the White House this summer in a Washington and Kyiv about the bilateral show of support for the Eastern European relationship. country. Washington has been dismayed by man- Mr. Biden extended the invitation during agement changes at Naftogaz, the a phone call with Mr. Zelenskyy on June 7, Ukrainian state-owned energy company at national-security adviser Jake Sullivan said the heart of the country’s largest corrup- during a press conference. It was the sec- tion scandals, as well as slow progress on ond call between the leaders since Mr. reform. Biden took office in January. Kyiv, on the other hand, has publicly In a tweet after the call, Mr. Zelenskyy expressed disappointment that Mr. Biden said he “looked forward” to the visit and chose to meet one-on-one with Mr.
  • Pottery of the Chornolis Culture in the Middle Dnieper Region

    Pottery of the Chornolis Culture in the Middle Dnieper Region

    Recherches Archéologiques NS 9, 2017 (2018), 87–106 ISSN 0137 – 3285 DOI: 10.33547/RechACrac.NS9.04 Alisa Demina1 Pottery of the Chornolis culture in the middle Dnieper region Abstract: The article presents the method and results of an investigation of 885 ceramic sherds from Chor- nolis hillfort, Tyasmyn hillfort, and Kalantaiv hillfort of the Chornolis culture in the middle Dnieper region. Although highly fragmented ceramic sherds are the most frequent type of archaeological material at these sites, this is the first time their morphology and decoration have been statistically analysed. The discovered correlations among pottery parameters helped us to establish a framework for comparison of the hillforts. These findings clarified the microchronology of the sites and cultural relationships of the Chornolis culture. Keywords: Chornolis culture, fragmented ceramics, morphological analysis, hillforts, middle Dnieper region. During the late Bronze Age, significant changes took place in the territory of Eastern Europe. The powerful associations of the Noua and Sabatyniv cultures declined, and the range of the Srubna culture was reduced. At this time, Chornolis culture sites appeared along the Dnieper’s right bank, in the Dniester region, and in the basins of the Donets, Vorskla, and Orel Rivers. According to the latest research, this culture appeared not later than in the 12th century B.C. (Klochko 1998). A new stage of its development, involving massive construction of settlements in the forest-steppe of the Dnieper’s right bank, began with the arrival of the Cimmerians to the Black Sea region in the 9th century B.C. (Makhortykh 2005). The nature of this territory as a well-travelled area conditioned the significant typological variability of its material culture and the diversity of traditions.
  • Steppe of Dnieper Ecological Corridor

    Steppe of Dnieper Ecological Corridor

    Ukrainian Journal of Ecology Ukrainian Journal of Ecology, 2020, 10(2), 209-218, doi: 10.15421/2020_87 ORIGINAL ARTICLE UDC 502.13(282.247.32:23.071:477) A Study of the Emerald Network objects in Ukrainian Forest- Steppe of Dnieper Ecological Corridor І.V. Solomakha1, V.V. Konishchuk1, O.V. Mudrak*2, H.V. Mudrak3 1Institute of Agroecology and Environmental Management NAAS of Ukraine, 12 Metrolohichna St., Kyiv, 03143, Ukraine, 2 Vinnytsia Academy of Continuing Education, 13 Hrushevskyi St., Vinnytsia, 21050, Ukraine, 3Vinnytsia National Agrarian University, 3 Soniachna st., Vinnytsia, 21008, Ukraine *Corresponding author E-mail: [email protected] Received: 20.03.2020. Accepted: 21.04.2020 The national ecological network is being developed in Ukraine to create pan-European ecological network. The legislative framework is adopted, the network of nature reserve fund objects is expanded, and ecological corridors of national and regional significance are formed. The Dnieper Ecological Corridor is one of the largest ones in Ukraine and has trans-boundary significance. Thus, the priority task is to study flora, fauna, and natural habitats of the region in order to preserve and reproduce the rare components of biotic and landscape diversity. To fulfill these tasks, the Emerald Network was created. It includes territories of special nature conservation significance. The Emerald Network of Ukraine ensures conservation of the most valuable and typical components of landscape and biotic diversity, including habitats of rare and endangered animals and plants species. These areas include natural objects in the valley of the forest steppe part of Dnieper River basin, where there is a combination of reservoirs cascade with the remnants of the Dnieper flood plain and mouth areas.
  • The Fluvial Archive of the Middle and Lower Dnieper (A Review)

    The Fluvial Archive of the Middle and Lower Dnieper (A Review)

    Netherlands Journal of Geosciences / Geologie en Mijnbouw 81 (3-4): 339-355 (2002) The fluvial archive of the Middle and Lower Dnieper (a review) A.V. Matoshko1, P.F. Gozhik2 & A.S. Ivchenko3 1 Corresponding author, Institute of Geological Sciences, National Academy of Sciences of Ukraine, 55B Gonchara Street, 01054, Kiev. Ukraine. E-mail: [email protected] 2 P.F.Gozhik. Institute of Geological Sciences, National Academy of Sciences of Ukraine, 55B Gonchara Street, 01054, Kiev. Ukraine. E-mail: [email protected] 3 A.S.Ivchenko. Institute of Geography, National Academy of Sciences of Ukraine, 44, 3 Volodymyrska Street, 01034, Kiev. Ukraine. E-mail: [email protected] r ; Manuscript received: November 2000; accepted: January 2002 Abstract Information about the morphology and alluvial sediments of the Dnieper Valley is reviewed. The Dnieper Valley originated in the Late Miocene. The Middle Dnieper Valley is an intercontinental alluvial basin and the Lower Dnieper Valley is a shallow canyon that ends with a delta. Identification of the alluvial dynamic fades (channel, overbank, abandoned channel) is crucial for stratigraphical analysis. The dynamic fades form regular sequences - alluvial suites that combine into series. Individual suites and series are characterized by their mode of occurrence, fades composition, lithological features and expression in the modern landscape. Their stratigraphic position is established with reference to index beds and palaeontological, geochrono- logical and archaeological research, allowing them to be correlated along the valley. Correlation between different parts of the Dnieper system uses a combination of fades and geomorphological analyses, whereas correlation with other river systems makes use of mammalian and molluscan biostratigraphy.