More than half of creditors that issued a $1 billion syndicated loan to Russian metals and mining group Mechel supported its restructuring conditions, Mechel CEO Oleg Korzhov said in a conference call on November 28. Some of the banks have sold their shares in the loan. “Currently, we continue negotiations with the banks that have…
Russian metals producers UC RUSAL and Norilsk Nickel have abandoned an idea of a merger, key owner of Norilsk Nickel Vladimir Potanin said on November 29. “We have agreed with Oleg Deripaska, president and key beneficiary of RUSAL, that Norilsk Nickel and RUSAL are different companies and no synergy is visible. This is why they…
Prime Minister Sapar Isakov met with the Chief Executive Officer at Centerra Gold Inc. Scott Perry. According to the press service, during the meeting the current state and prospects of joint cooperation were discussed. The head of government noted that the Kyrgyz side, as the largest shareholder, was interested in the stable operation of the…
NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has been named the winner of the annual competition for information transparency among publicly listed companies in Russia. The “Active Corporate Policy on Information Disclosure” award was established in 2003 by Interfax and AK&M for companies that had excelled…
In Q3 Sinarsky Pipe Works received 159.8 million rubles of net profit, down 2.5-fold QoQ. In Q3 2016 net profit was 660 million rubles. In January-September SinTZ received 1.145 billion rubles of net profit, down 2-fold YoY. Sales revenue in Q3 totaled 9.28 billion rubles, down by 1% QoQ. In 9 months the works sold…
In September, according to the customs statistics, Russia exported 11.1 thousand tons of corrosion-resistant steel waste and scrap, down by 5.4% YoY, but up 2.1-fold YoY. Revenue increased by 2.2% MoM and 2.3-fold YoY, to $10.8 million. In January-September Russia exported 68.7 thousand tons of scrap, up by 17.2% YoY, valued at $66.1 million, up…
The British Standards Institution has audited the quality management system of Lebedinsky Mining and Processing Works for compliance with the new version of ISO 9001:2015. As the result of the inspection the BSI experts have confirmed the correspondence of the current system to the standard and granted the ISO 9001:2015 compliance certificate to the company.…
Beloretsk Iron and Steel Works has passed the audit of the Russian River Registry and has confirmed its status of manufacturer of steel galvanized ropes for river shipbuilding. The River Registry provides for the safety of voyaging of over 23 thousand ships and floating objects. BMK has been cooperating with the Registry since 2011. The…
