Zagorsky Pipe Works has received the right to use the API logo on its products. The company has successfully completed all the attestation procedures and has become the fifth large diameter pipe producer in Russia to be able to export pipes for foreign projects, which require API 5L certificate. The company began preparing for the…
Evraz NTMK has started selling railroad wheels to Slovakia. This year the company will supply some 1 thousand wheels to ZOS Trnava. ZOS Trnava is Evraz’s new client. The company is one of the top-5 wagon-repairing enterprises in Europe, namely BB TS Werk Knittelfeld (Austria), Kolowag (Bulgaria), FWN (Germany) and SZ-Vit (Slovenia), with whom Evraz…
The High Court of London has started four-day hearings of a dispute between Russian aluminum giant UC RUSAL of businessman Oleg Deripaska and Interros of tycoon Vladimir Potanin over a sale of shares in metals giant Norilsk Nickel. Both businessmen arrived to the court to testify. A long-standing shareholder conflict, which was resolved in 2012…
In January-March Rusal revenue totaled $2.744 million, up by 19.5% YoY. The revenue grew following the increase of aluminum prices at the LME by 16.7%, to $2.159 thousand per ton from $1.85 thousand per ton. As the result the adjusted EBITDA increased by 20.4%, to $572 million from $475 million. Aluminum output in January-March dropped…
En+ president Maxim Sokolov during the High Court of London process said that Rusal must buy 1.9% of Nornickel under the Roman Abramovich’s Crispian offer to keep balance, even though the price was high. “Unfortunately, when the company is cornered, we are forced to accept this premium. We do not want to buy this stake,…
In January-March Ferrexpo invested over 748.9 million UAH ($27.8 million) in the development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, in the maintenance of reserves and development of PGOK 501 million UAH ($18.6 million) was invested, and in the development of EGOK and BGOK – over 247.9 million UAH ($92.…
Rinat Akhmetov, the owner of Avdiivka Coke and Chemical Works, has started the procedure of squeeze out of the company shares, having estimated the price of the plant at its annual profit. In particular, Barlenco Ltd. (Cyprus) has sent out an irrevocable claim to buy out shares from all the owners of the company stakes.…
In January-April Magadan region mined 5660.8 kg of gold, up by 11.5% YoY. Silver output dropped by 2.6%, to 230.2 tons. Pavlik Gold-Extracting Company provided the most gold. Serebro Magadana was the leader in silver manufacture. The company also obtained 444 tons of lead. This year the region intends to get 37.1 tons of ore…