Ukraine: pipe output up in January-November 2018

In January-November Ukraine increased pipe output by 5.7% YoY, to 1.019 million tons, including 78.2 thousand tons in November. In particular, Ukrtrubprom enterprises produced 732.7 thousand tons of pipes in 11 months, up by 14.1% YoY, including 55.4 thousand tons in November. Khartsyzsk Pipe Works and Lugansk Pipe Works were idle. Interpipe-NTZ produced 255.6 thousand…

Russia: Kuzbassrazrezugol commissions the most powerful excavator

Kuzbassrazrezugol has commissioned the most powerful Russian excavator EKG-35 No. 1 at the Krasnobrodsky pit. Uralmashzavod started designing the machine in 2012 according to Kuzbassrazrezugol specifications. In 2017 the excavator was assembled and in March entered trial operation. In June-July the machine loaded 900 thousand cubic meters of rock. Next year Kuzbassrazrezugol intends to buy…

Russia: UMMC signs debut EUR 100 million PXF syndicated loan

Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals, has signed a debut EUR 100-million syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC Rosbank and Societe Generale. Raiffeisen Bank International AG and AO Raiffeisenbank acted as documentation agents…