Metinvest mining and metallurgical group on April 24, paid bonuses for supporting Eurobond restructuring, the group said on the website of the Irish Stock Exchange (ISE). The press service of Metinvest reported that the amount of payment was about $9 million. In late May 2016, Metinvest and the creditors’ committee agreed Eurobond restructuring and PXF…
The Eurasian Economic Commission (EEC), an executive body of the Eurasian Economic Union (EAEU), has launched a second antidumping investigation of imports of cold-rolled stainless seamless pipes from China, the commission said in a statement. The investigation was launched on request from Chelyabinsk Pipe Works (ChelPipe), Pervouralsk New Pipe Plant, and TMK-INOX, a subsidiary of…
Rusal intends to attract the VEB financing to the project of the new manufacturing complex construction at Khakassk Aluminum Works. “We envision VEB financing at 70 by 30. The total cost of the project is 130 billion rubles, it will be constructed in stages”, Rusal CEO Vladislav Soloviev said. “We want KhAZ 2 to produce…
Boguchansky Aluminum Works, a joint venture of Rusal and RusHydro, could double its capacities to 300 thousand tons per year in 2018. At the same time it is still uncertain whether RusHydro will participate in the construction of the second stage of BoAZ (to 600 thousand tons), nor in another Rusal project – Taishet Aluminum…
In March Karelsky Okatysh, a part of Severstal, sold 1 million tons of pellets, a record for March, and up by 52 thousand tons from the previous record of December 2016. “In the record month we shipped 460-520 wagons a day, but we could ship even more”, the company deputy commercial director on logistics Svetlana…
In January-March Ukraine mined 6.7 million tons of coal, down by 11.3% YoY. According to the State Statistics Service, in March coal output dropped by 17.7% YoY, to 2 million tons. In January-February coal output increased by 11.3% YoY, or by 750.8 thousand tons, to 7367.9 thousand tons. Coking coal output dropped by 24.2%, or…
The State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan denied Kyrgyzaltyn OJSC the licenses for the development of gold deposits. Kyrgyzaltyn OJSC received a refusal on placer gold deposits of Sary-Jel and Kumbel in Naryn region. In addition, Altyn Tash Company LLC (Pervenets) and ACC Tash (Verkhnekeminsky ore field area) also were denied…
Miners were rescued after almost two days in Jergalan, the sister of the miner Akbermet Dorgoeva reported. Information was also confirmed in the office of government’s permanent representative in the region. “Rescuers reached the miners and brought them to the surface, they are safe and sound. They spent almost two days under the rubble and…