Ukraine: Nibulon transports metal by water

Nibulon non-self-propelled NBL-002 vessel transported the first batch of Ukrainian metal from Kamianske (Dnipropetrovsk region) to Yuzhnyi Port on April 21. Nibulon continues implementing its large-scale investment project aimed at increasing the volume of goods transported by river up to 4 million tons per year. The company plans to achieve this figure within the next…

Kyrgyzstan: Centerra Gold calls announcement on acquisition of Kumtor “market speculation”

Centerra Gold Inc. called the news release issued by Chaarat Gold Holdings Limited on acquisition of Kumtor mine “market speculation”. Official comment of the company says. In March Centerra received an unsolicited, non-binding proposal from Chaarat concerning Kumtor mine located in the Kyrgyz Republic. Centerra promptly communicated to Chaarat’s advisers that it had no interest…

Russia: Petropavlovsk gold output down in Q1 2018

In January-March Petropavlovsk Plc decreased gold output by 5% YoY, to 112.556 thousand ounces (3.5 tons). According to the company statement, gold sales dropped by 5%, to 112.244 thousand ounces. The average price grew by 4%, to $1295 per ounce. This year the company intends to obtain 420-460 thousand ounces of gold. Petropavlovsk Plc is…

Russia: Evraz Ukraine head transferred to Ural

Denis Novozhenov, who headed Evraz Ukraine, was appointed the director of the Ural division. “The division unites Nizhniy Tagil Iron and Steel Works and Kachkanarsky Mining and Processing Works. Novozhenov will continue developing Evraz assets in Sverdlovsk region according to the group strategy”, the company said. Novozhenov has been working at Evraz since 1996. This…

Russia: Amurmetal to turn into Amurstal

D-Steel (Italy) specialists have started working at the only steel works in the Far East – Amurmetal. According to the plant CEO Sergey Kuznetsov, soon the company will double rolled metal output and improve rebars characteristics. “The reconstruction of the bar-rolling shop will be carried out in several stages. The first stage will increase furnace…

Russia: Severstal-Metiz passes Sherdel Kaluga audit

Severstal-Metiz has passed the audit of its key client – the automobile components manufacturer Sherdel Kaluga.

Following the audit the company was granted the highest rating.

Such audits are carried every three years.

Severstal-Metiz wire is used to produce metal frames of cushions and seats. (Ukrainian metal)

Ukraine: Metinvest successfully completes largest ever refinancing by Ukrainian corporate

Metinvest, the vertically integrated steel and mining group of companies, has announced the completion of the refinancing of its $2.271-million debt, consisting of the issuance of two tranches of bonds and the amendment and restatement of its pre-export finance (PXF) facility. As a result, Metinvest issued $1.592 million in new bonds and secured $765 million…