Shutdown of Metinvest Group’s Avdiivka Coke and Chemical Works (Avdiivka Coke) can lead to a humanitarian disaster in the town. As a result of the shelling that damaged the power transmission lines, the enterprise was experiencing power supply outage and had to proceed to hot mothballing. Should Avdiivka Coke come to a complete halt, the…
Polymetal International plc has increased its share in Vostochny Bazis LLC, which has the license to work at the Tarutinskoye copper deposits, from 75% to 100%. Polymetal bought the additional 25% from Geronesa Trading Ltd. Tarutinskoye is a typical gold-copper deposit and fits Polymetal strategy of creating processing hubs. The deposits will provide raw materials…
In 2016 Yerunakovskaya-VIII mine produced 3 million tons of coal. Despite the difficult mining and geological conditions as well as the increased volume of gas Yerunakovskaya-VIII is the local mining leader. The mine was put into operation in February 2013. The coal concentrate mined there, after it is processed at Kuzhetskaya and Abashevskaya factories, is…
The supervisory board of Evraz Yuzhkoks has dismissed the general manager of the company Sergei Burylin from his office. The new CEO is now Denis Koshkarov, the director of central laboratory of by-product coke chemistry manufacture at Evraz NTMK. Koshkarov has been appointed for 1 year – from February 1, 2017 through January 31, 2018.…
The Federal Antimonopoly Service of Russia has postponed till February 13, the hearing of the case against Evraz, Severstal and Mechel companies in respect of the rebar price growth. In July 2016 FAS started investigation on the antimonopoly legislation violations on the market of rebars on behalf of Evraz, Severstal and Mechel enterprises. The price…
Nord Gold acknowledges recent speculation regarding a possible delisting of the company’s global depositary receipts from the Official List and the London Stock Exchange. The Board of Directors continues to consider options for maximizing shareholder value, including a potential delisting of the company’s global depositary receipts, although no decision has been taken and there is…
The operation of Avdiivka Coke and Chemical Works has been halted for the first time since the military conflict in Donbass started. “For the first time the works went on halt. There are problems with gas, and there is no electricity in Avdiivka”, the Avdiivka military-civilian administration deputy chairman Fridon Vekua said. According to him,…
Mechel-Service, the metal-trading company of Mechel, has sold 3 thousand tons of metal from its new warehouse in Vladivostok. The new site started operating in November 2016. It is the 59th warehouse of Mechel-Service in 43 cities of Russia. The main consumers of metal in the region are construction companies and ferroconcrete manufacturers, followed by…
