Ukraine: Donetskstal vows to clear debts

The Commercial Court of Donetsk region has determined 4 amicable agreements between the fund Glori represented by the Investment Capital Ukraine LLC and Donetskstal. According to the agreements, Donetskstal has to clear its debts of 2.08 billion UAH to Glori within one month. The debts arose from loans received by the company in 2011-2012. (Ukrainian…

Ukraine: EU prolongs pipe antidumping measures

European Commission has prolonged the antidumping duties on the import of seamless pipes from Ukraine.

The duty for Dnepropetrovsk Pipe Works is 12.5%, while for Interpipe – 13.8%.

At the same time the Russian pipe manufacturers have been more severely hit.

The duty for them is 24.1% for ChTPZ and 28.7% for TMK. (Ukrainian metal)

Russia: 58 violations found at Karabashmed

On September 10-21 the Ural-region department of Rostechnadzor carried out a scheduled inspection of Karabashmed.

As a result 58 violations of legislation on industrial safety have been found.

The company has been given time to remove the violations. (Ukrainian metal)

Kazakhstan: new lead and zinc plant to be created

A new mining and processing works will be constructed in Kyzylorda region. The corresponding documents have been signed during the investment forum in London. The guarantee agreement was signed by Samruk Kazyna fund chairman Akhmetzhan Yesimov and sir Suma Chakrabarti of EBRD, while the construction agreement – by Tau-Ken Samruk national company chairman Kanat Kudaibergen…

Ukraine: Metinvest boosts environmental investment in Mariupol

Mariupol Ilyich Iron and Steel Works and Azovstal of Metinvest Group have been increasing their expenses on environmental projects for several years. In 2018 the green investments have grown 5.6-fold, to UAH 600 million. Financing increases progressively as the group switches from designing to constructing gas treatment facilities. In particular, investments in construction, upgrade and…

Russia: VEB drops off Pavlik

The state corporation Vnesheconombank has left the shareholders of the gold-extracting company Pavlik, which develops the deposits of the same name in Magadan region. The share of the bank in the company dropped from 9.9% to 0%. According to the bank the move was planned. VEB left Pavlik when it reached the design capacity of…

Russia: MMK EGM approves dividends for Q2 2018

PJSC Magnitogorsk Iron and Steel Works announced that an Extraordinary General Meeting of shareholders was held on September 28 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 1.589 rubles (including tax) per share for the second quarter of 2018. The dividend will be paid in cash…