VSMPO-Avisma decided not to invest into the expansion of Demurino Mining and Processing Works capacities to 50 thousand tons because of economical reasons. “At present we get 12-15 thousand tons of ilmenite. We won’t invest in the capacity increase”, the corporation CEO Mikhail Voevodin said. “When we bought DGOK, it already had a factory. Now…
The Arbitrary court of Rostov region has satisfied the claim of Level LLC to Rostov Electrometallurgical Works LLC on the reclamation of 25.9 million rubles. According to the agreement between the companies Level supplied 27.2 million rubles worth of scrap, but because of the untimely payment further deliveries were not carried out, while the buyer…
The southern part of the Vograshorskaya mine has 23 million tons of coking coal. “It was impossible to get to those deposits, so we decided to construct a separate sloping hole”, Vorkutaugol executive director Yevgeniy Balukov explained. The construction has been complete, and the company has started preparing the breakage face. The development of the…
In January-August gold-extracting companies of Irkutsk region obtained 14.11 tons of gold, down by 2.3% YoY, including 7.466 tons of ore gold and 6.643 tons of alluvial gold. 3 companies mine for ore gold in the region. Pervenets, a part of Polyus, mined 4.18 tons. Vysochaishiy yielded 2.728 tons, and Druza LLC – 558.7 kg.…
In January-June Seligdar received 283.3 million rubles of net losses, down by 42% YoY. Earnings increased by 19.6%, to 2.3 billion rubles. Gross profit dropped by 1%, to 699.6 million rubles. Losses before taxation totaled 343.5 million rubles, down by 43%. EBITDA decreased by 16%, to 711.9 million rubles. As of June 30, the company…
Sberbank CIB has signed two loan agreements of providing Vysochaishiy, a part of GV Gold, with $150 million (8.7 billion rubles). The first agreement presupposes the loan of $100 million (5.8 billion rubles) for 5 years. While the second is for 3 billion rubles ($50 million) for 3 years. (Ukrainian metal)
On September 18, Metinvest intends to pay $13.22 million to the holders of eurobonds with the maturity date of December 31, 2021. The sum consists of $6.7 million for August 18 – September 18, 2017 of non-guaranteed interest at 6.5795%, paid if the company has free funds over $180 million, as well as $6.318 million…
Ukrzaliznytsia is planning to sell another batch of 128 thousand tons of scrap at an auction. According to the company statement, this year the company intends to sell 213 thousand tons of scrap. As of September 1, 81.5 thousand tons have been sold on three auctions. Last year Ukrzaliznytsia sold only 1.3 thousand tons of…