On February 25 the meeting of the shareholders of the Dneprovsky Iron and Steel Works will approve attracting a loan of 30 million UAH from Oschadbank. Most probably the money will be spent to finance the construction of the continuous casting machine. The project was announced back in 2017. This is the largest investment project…
Izhorsky Pipe Works has won several tenders to supply Gazprom with over 200 thousand tons of large diameter pipes. The products will be used in the development of gas transmission capacities for the Unified Gas Supply System in the Northwestern region (NEGP), as well as the construction of the Kovykta-Chayanda section of the Power of…
Last year Severstal produced some 12 million tons of steel. Mill-2000 accounted for over 6 million tons. Previously Severstal was able to reach such a record in 1980s. “We have set a task for ourselves – the share of new products in our portfolio has to be 30% by 2023. Now it’s just 5%. For…
Russian state banks VEB.RF, Gazprombank, and Sberbank will provide financing to Baikal Mining Company belonging to billionaire Alisher Usmanov that would cover up to 70% of a $2.9-billion Udokan copper deposit, Baikal Mining Company said in a statement. The shareholders of Baikal Mining Company have already invested 28.5 billion rubles and they will cover at…
The state enterprise Vostochniy Mining and Processing Works has ordered Temp LLC the transportation of uranium ore valued at 42.14 million UAH. Until the end of the year the company has to transport 243 thousand tons of uranium ore from the Novokonstantinovskaya mine to the Ingulskaya and Smolinskaya mines and 45 thousand tons of inert…
