Siberian Coal Energy Company (SUEK) plans to accept bids for at least 10 billion rubles of 10-year exchange bonds on October 11, a banking source reported. The first coupon guidance is set at 7.4-7.5% annually, which corresponds to a 7.54-7.64% annual yield to 4-year put. The issue carries semiannual coupons. The technical placement is scheduled…
The combined profit of Amur Minerals, developing the Kun-Manye deposit in Amur region, in January-June totaled $924 thousand as opposed to a loss of $3.6 million in H1 2018. The result was mostly due to the currency exchange rate fluctuations. Moreover the company was able to decrease prospecting expenses to $161 thousand from $1.3 million.…
In August the shop No. 5 of Electrocable manufactured 400 million rubles worth of cable products. This is the maximum output level in the whole company history (since 1915). Since the start of the year the monthly cable output at the shop on average has been 300 million rubles. The result is due to modernization…
Severstal started assembling the coke dry quenching machine at the construction site of the coke-oven battery No. 11 with the coal charge ramming technique of Cherepovets Iron and Steel Works. The cost of the investment project is some 33 billion rubles. The three quenching units will have a combined capacity of 90 tons per hour.…
Participants of the mining and metal cargo transportation market have noticed the drop of price for railroad cars since the start of the year. In particular, the decrease in price has been noted by 64% of the surveyed market participants. 21% did not see the decrease, while 15% noted the growth of prices. Moreover, the…
Mechel has put into operation a new long face at the Sibirginskaya mine, a part of the Yuzhniy Kuzbass company. The face 3-1-11 is situated at the depth of 450 meters. Investments exceeded 838 million rubles. The face reserves are estimated at 3.5 million tons of coking coal. Average monthly output will be 90 thousand…
Zaporozhye Titanium and Magnesium Works has concluded an agreement with Khim-Trade LLC on the delivery of electrical energy valued at 179 million UAH. Until the end of the year the company has to supply 77.9 million kW-h of electricity at 2.3 UAH per kW-h. In August ZTMK ordered electricity at 2.45 UAH per kW-h, or…