Kyrgyzstan: seven fields to be put out to tender

It is planned to put out to tender the promising deposit Sulukta, Kadamdzhai, Kara-Keche, Tuyuk-Kargasha, Togolok, Naukatskoe and Dzhetim in 2019, the Chairman of the State Committee for Industry, Energy and Subsoil Use Emil Osmonbetov said. The Prime Minister Mukhammedkaly Abylgaziev has held a meeting on the situation in the mining industry. He stressed the…

Ukraine: EMSS fulfills Indian rotor order

Energomashspetsstal has shipped three rotors to India.

The rotors were supplied to Bharat Heavy Electrical Limited.

The respective agreement was concluded in 2018.

4 rotors have been produced for the Indian company. One of them was shipped in March.

The total weight of the batch was 64.24 tons. (Ukrainian metal)

Russia: NLMK capitalization overtakes AM’s

On June 4, NLMK for the first time outran the largest ferrous metals company in the world – ArcelorMittal – by capitalization. At the closing of the LME trade, NLMK was estimated at $15.88 billion. The capitalization of AM at the NYSE was $15.7 billion. At the same time in 2018 ArcelorMittal produced 92.5 million…

Russia: Vitim obtains 430 kg of gold

Since the start of the washing season the Vitim team has extracted 429 kg of gold on the territory of the Irkutsk region. Last year the result was 408 kg. This year the enterprise intends to obtain 2800 kg of gold. Thus, the output plan has been 15.3% fulfilled. In 2018 the yield was 2936…

Russia: Mechel orders 15 BelAZs

Mechel has concluded an agreement with BelAZ on the delivery of 15 quarry dump trucks with the combined cost of 2 billion rubles. The new machines with the lifting capacity of 130 to 220 tons will arrive at Mechel enterprises in Kemerovo and Irkutsk regions: 11 BelAZs will be operating at the Yuzhniy Kuzbass pits,…

Russia: MMK offers $500-million 5-year Eurobonds

Magnitogorsk Iron and Steel Works (MMK) has opened a bidding book for $500-million 5-year Eurobonds with a yield guidance of 4.75% annually, a banking source reported.

The company has been holding meetings with investors in Moscow, European and U.S. cities since May 30.

Citi, J.P. Morgan and Societe Generale are the organizers. (Prime/Ukrainian metal)

Russia: scrap exports to be quoted

The Ministry of industry and trade has prepared suggestions on quoting steel scrap exports by regions. “We are reviewing various mechanics to satisfy scrap demand in the country. We have prepared suggestions on quoting the export of scrap”, the deputy minister Victor Yevtukhov said. Various quote indexes are provided for different districts and regions. “Where…