NLMK announced the placement of 7-year $500-million Eurobonds with an annual coupon rate of 4.7% payable semi-annually. The proceeds will be used for general corporate purposes. The issue was oversubscribed more than three-fold with the order book exceeding $1.7 billion at the peak and more than 150 investors. The final order book was subscribed by…
Prices of precious metals decreased in Azerbaijan on May 30 compared to the prices of May 29. The price of gold dropped by 5.9925 manats, to 2,172.5065 manats per ounce. The price of silver fell by 0.0102 manats, to 24.4624 manats per ounce. The price of platinum went down by 11.458 manats, to 1,347.505 manats…
Since the start of the year Beloretsk Iron and Steel Works has presented 14 new steel products to the market: wire, belt and ropes. Trial batches of new products have been shipped to the enterprises of the car, power, cable, electrode and mining industries. In particular, BMK has mastered the manufacture of improved-strength wire. Steel…
Metalloinvest is constructing a crushing and screening plant at the Mikhailovsky Mining and Processing Works. At present the company is assembling a crushing-loading machine. It will be transporting ore from the depth of 200 meters, crushing it to the 150 mm fraction and taking it to the conveyer. At the same time, construction of the…
Cherepovets Iron and Steel Works is finishing the disassembly of the slitting unit No. 11 in the metal treatment shop No. 3. Until January 2020, foundation will be laid for a new unit to cut wide rolled metal. Machinery will be supplied and assembled by Salico, Italy. The project is expected to be completed in…
ArcelorMittal Kriviy Rih has signed an agreement valued at almost $30 million with CISDI (China) to modernize its largest blast furnace No. 9. The Chinese company will design, supply and assemble the main machinery, as well as train the AMKR personnel. Last year a major accident occurred at the blast furnace. Since February 2018, the…
Central Mining and Processing Works together with the Krivoy Rog botanic garden is taking measures to reclaim spoil heaps. CGOK is planting cane at the tail dumps to prevent dust spreading. So far, the size of the plantings has reached 100 ha. This year it will grow by 50 ha more. In 2018 CGOK decreased…
NLMK Group, the Ministry of Natural Resources and the Environment of the Russian Federation, the Federal Supervisory Natural Resources Management Service (Rosprirodnadzor) and the Administration of the Lipetsk region have signed a four-way Cooperation Agreement in sustainable development. The Agreement, which forms part of the National Ecology Project, was signed by Grigory Fedorishin, NLMK Group…