Victor Pinchuk has received elite real estate in London from Igor Kolomoyskiy and Gennady Bogolyubov within an amicable settlement of the court process on Krivoy Rog Iron Ore Industrial Combine. Pinchuk accused Kolomoyskiy and Bogolyubov of the breach of agreements while privatizing the plant and demanded $2 billion. He claimed that in mid-2000s gave the…
In October Uralskaya Kuznitsa produced 9.5 thousand tons of metal, this is the record output for the past 5 years. The main products are railroad car and locomotive axles, which have been manufactured both for Russian and foreign wagon building works. “The growth has to do with the revival of the machine-building market. In 10…
Chelyabinsk Iron and Steel Works has started supplying rails for the major operator of Kazakh railroad. According to the contract R65 and R50 rails will be delivered in stages. The first batch of 2 thousand tons has already been delivered to the customer, and 2 thousand tons more will be delivered this year. “Except for…
PJSC MMC Norilsk Nickel has launched hot commissioning operations at Bystrinsky GOK (Bystrinsky mining and processing plant). Bystrinsky GOK is located in the Gazimuro-Zavodsky District of Trans-Baikal Territory, 350 km from Chita. This area is home to the large Bystrinsky gold-iron-copper deposit containing total ore reserves of some 343 million tons that will ensure the…
The VTB bank has signed an agreement with Susumanzoloto for the purchase of 2.6 tons of gold in 2018. This year the bank buys some 1.8 tons of the precious metal from the company. In 2 years VTB has provided Susumanzoloto with 2.3 billion rubles of loans for the construction of a mining and processing…
In January-September MMK received $814 million of net profits, down by 9.9% YoY. According to the company statement, its revenue grew by 37.2%, to $5.598 billion, while EBITDA fell by 4% YoY, to $1.44 billion. In Q3 the company profits dropped by 7.1% QoQ, to $276 million, revenue grew by 4.5%, to $2.012 billion, while…
Shares of the Russian steelmaker Severstal were sold for 885.36 rubles per paper and its global depositary receipts (GDRs) for $14.97 per security, organizer of the deal Goldman Sachs said in a statement on November 9. On November 8, a source reported that Pearlgreen Limited, a company of businessman Alexei Mordashov, had put up 2.1%…
In January-October Ukraine exported 31.72 million tons of iron ore and concentrate valued at $2.179 billion. According to the State Fiscal Service, the share of iron ore and concentrate in the total exports was 6.2%. The largest volumes of iron ore and concentrate were exported to China – $600.559 million (27.5% of the total iron…
