Ukraine: EBRD provides syndicated loan to ArcelorMittal Kriviy Rih

The European Bank for Reconstruction and Development (EBRD) has signed an agreement on providing a $350 million syndicated loan to Ukraine’s largest steel mill, PubJSC ArcelorMittal Kriviy Rih. “The EBRD has signed the biggest project in Ukraine this year,” EBRD Senior Adviser Anton Usov wrote on Facebook. The loan is designed to support the mill’s…

Russia: Kolmar gets two coal sites in Yakutia

Inaglinsky GOK, 100% owned by Kolmar Group LLC, has purchased two sites with coal deposits in Neryungrinsky district of Yakutia for 182.4 million rubles. The auctions have been considered not taken place, as there was only one bid – from Inaglinsky GOK. According to the auction commission, the bid meets all the demands and the…

CIS: steel output up in November 2017

In November Russia produced 6.025 million tons of steel, up by 1.4% YoY, but down from 6.225 million tons in October. In 11 months steel output totaled 66.453 million tons, up by 2.9% YoY. Ukraine decreased steel output in November by 4.9% YoY, to 1.85 million tons (1.91 million tons in October). In January-November Ukraine…

Russia: HGM moves HQ

The head quarters of Highland Gold Mining will be moved to the business center on 4, Smolensky Boulevard. The company has already signed an agreement with KR Properties. The size of the premises near the “Park Kultury” subway station is 1.7 thousand square meters. The price of the deal is not disclosed. The move will…