The shareholders of Poltava Mining and Processing Works have approved of a number of deals as to the $500 million loan agreement. Ferrexpo Finance plc, Ferrexpo AG and Ferrexpo Middle East FZE will open a credit line valued at $500 million at LIBOR for 3-months deposits +4% with the maturity date of September 30, 2021.…
In January-July Ukrainian metal companies decreased hot-briquetted iron imports by 96.7% YoY, to 1.47 thousand tons. According to the customs statistics of the State Fiscal Service, in monetary terms imports decreased by 94.8%, to $389 thousand. All the metal arrived from Russia. Ukraine neither exports nor re-exports HBI. The largest HBI manufacturer in CIS is…
Since the gold season started and as of August 1, Rosszoloto LLC has obtained 193 kg of alluvial gold, up by 27% YoY. As of August 1, 2016 the company obtained 152 kg of gold. The increase in output was the result of putting 3 new sites into operation: Sardangro, Malaya Tynda and Otradny. The…
Chelyabinsk Zinc Works has completed the transition to using large size cathodes in the zinc electrolysis shop. The investment program presupposed the modernization of all the necessary capacities all over the works. And the cathode replacement is one of the most important steps of the program. The shop baths contain 16,320 cathodes. The size of…
Mechel-Service has supplied 2.2 thousand tons of rolled metal for the construction of the Platov international airport in Rostov-on-Don. Chelyabinsk Iron and Steel Works rebars account for most of the metal supplied. The company also delivered construction mesh, beams and sheets. Platov is designed to become the main air haven of the South of Russia.…
In January-June Altai-Koks produced 2.04 million tons of coke, up by 5% YoY. The company capacities were 98% loaded. Altai-Koks sold some 82% of coke domestically, including 76% within the NLMK Group. The rest was exported to Uzbekistan, Kazakhstan, German, Belgium and Finland. (Ukrainian metal)
Russian coal exports in January-July increased by 9.5% YoY, to 106.3 million tons, the Ministry of Energy of Russia statistics showed. In July the commodity exports totaled 15,855,000 tons. Coal mining in the seven-month period reached 231,389,000 tons, with 201,519,000 tons shipped. (Portnews/Ukrainian metal)
Russian Mining Company created by Internet ombudsman Dmitry Marinichev and microelectronics producer Mikron’s President Boris Zyryanov plans to raise $100 million to invest in development of a processor for cryptocurrency miners, Marinichev said. Another founder of Russian Mining Company, founder of electronics retailer Sunrise Sergei Bobylev, said that the processor would make production of cryptocurrencies…
