Sberbank Leasing will lease special machinery to the international gold-extracting company Nordgold. Under the agreements, the company will finance the purchase of HD 785-7 quarry dump trucks and Komatsu PC2000BH-8 excavators. The machines will be supplied by Sumitek International LLC. The special machinery is needed to develop the Gross mine, the main Nordgold asset in…
In September RZD throughput totaled 106 million tons, down from 109 million tons in August and 108 million tons in July, as well as down by 1% YoY. In 9 months throughput decreased by 0.9%, to 956.6 million tons. Iron and manganese ores accounted for 89.2 million tons, up by 3.2% YoY. Transportation of ferrous…
Interpipe and BelAZ have concluded an agreement on strategic partnership, which presupposes that the cooperation between the companies in railroad wheels sphere in 2019-2020 will be expanded. In particular, under the agreement the companies intend to increase railroad wheels deliveries from Ukraine to Belarus to 6 thousand pieces in 2019 and to 20 thousand pieces…
In September Zaporizhstal decreased pig iron output by 2.7% YoY, to 375 thousand tons. Steel manufacture dropped by 3.3%, to 341 thousand tons, and rolled metal – by 6.1%, to 277.8 thousand tons. In 9 months pig iron output decreased by 3%, to 3.22 million tons, steel – by 2.8%, to 3.032 million tons and…
The shareholders of the Russian coal producer Raspadskaya have approved paying 2.5 rubles per common share in dividends for January-June, the company said in. The record date was set for October 20. The company said in March that it could start paying dividends at a net debt/EBITDA (earnings before interest, taxes, depreciation and amortization) ratio…
As part of the investment project between Uzbekistan’s State Committee for Geology and French Orano Group, it is envisaged to attract foreign direct investment at the initial stage of up to $20 million and about $150 million if a commercial field is discovered, representative of Orano Group reported. Orano have decided to create a joint…
Following the embargo Interpipe has almost completely stopped supplying pipes to Russia. “Hot-rolled pipes deliveries have been completely stopped. We do supply a small batch of cold-deformed pipes, but they are really small, as it is a niche product”, the company CEO Fadi Khraibe said. This year Interpipe has supplied less than 10 thousand tons…
