The European Bank for Reconstruction and Development (EBRD) has signed an agreement on providing a $350 million syndicated loan to Ukraine’s largest steel mill, PubJSC ArcelorMittal Kriviy Rih. “The EBRD has signed the biggest project in Ukraine this year,” EBRD Senior Adviser Anton Usov wrote on Facebook. The loan is designed to support the mill’s…
Irkutsk Aluminum Works has started shipping the KEP-2 coke to produce baked anodes. The main customer is Sayanogorsk Aluminum Works (SAZ), which produces baked anodes for its own metal manufacture, as well as for other Rusal works. So far 38 railroad cars with KEP-2 weighing 2380 tons have been shipped to SAZ. IrkAZ was able…
Inaglinsky GOK, 100% owned by Kolmar Group LLC, has purchased two sites with coal deposits in Neryungrinsky district of Yakutia for 182.4 million rubles. The auctions have been considered not taken place, as there was only one bid – from Inaglinsky GOK. According to the auction commission, the bid meets all the demands and the…
In November Russia produced 6.025 million tons of steel, up by 1.4% YoY, but down from 6.225 million tons in October. In 11 months steel output totaled 66.453 million tons, up by 2.9% YoY. Ukraine decreased steel output in November by 4.9% YoY, to 1.85 million tons (1.91 million tons in October). In January-November Ukraine…
Ormet is finishing the construction of infrastructure at the Luchistoye quarry needed to start mining. The site has electricity, water supply system and lighting. The depth of the quarry is 20 meters. The first tons of ore will be extracted from below 30 meters. By the end of the year the company plans to have…
Kazakh company Kazatomprom has delayed its delivery of uranium to Iran as it is seeking the permission of six world powers involved in the 2015 Iranian nuclear deal. Galymzhan Pirmatov, Kazatomprom’s chairman, was quoted by Financial Tribune daily as saying that the delivery of uranium concentrate to Iran could be possible only after obtaining permission…
The head quarters of Highland Gold Mining will be moved to the business center on 4, Smolensky Boulevard. The company has already signed an agreement with KR Properties. The size of the premises near the “Park Kultury” subway station is 1.7 thousand square meters. The price of the deal is not disclosed. The move will…
Russian aluminum giant UC RUSAL has approved of all conditions that hydropower giant RusHydro has set for its participation in construction of the Taishet aluminum smelter, RusHydro CEO Nikolai Shulginov declared. “They’ve approved them. We are now to take them into account while developing necessary documents, and if we don’t, we will stop,” he said.…
