Multi-industry holding Renova Group of businessman Viktor Vekselberg will endeavor to obtain control over Petropavlovsk Plc, which operates gold deposits in Russia and in which Renova holds a 22.34% share stake and a 6.88% convertible bond stake. Renova and friendly funds Sothic Capital Management and M&G Debt Opportunities, part of Prudential, jointly holding about 40%…
Pipe Metallurgical Company has placed BO-07 bonds valued at 10 billion rubles (10 million shares at 1 thousand rubles each). The interest rate is 9.35%. The circulation period is 10 years, with a 4-year option. The organizers were ATON, Alfa-Bank, BCS Global Markets, VTB Capital, Sovcombank and UniCredit Bank. (Ukrainian metal)
The governor of Magadan region Vladimir Pecheny suggests creating an exchange on nugget trade in the region. “We want to create a nugget exchange in Magadan, like the diamond exchange in Yakutia”, he said during the Petersburg Economic Forum. The region is the leader in alluvial gold extraction in Russia, having obtained 16 tons last…
In a month the repair of the rotary-kiln No. 3 at Electrozinc, a part of UMCC, will be complete. The kiln with the capacity of 4 tons of charge has been shut down earlier this year. The capital repair of the rotary-kiln is one of the most complex overhauls. Total investments in the repair reached…
Ural Steel, a part of Metalloinvest, has successfully passed the audit by DNV GL and received the certificate of correspondence of its steel to DNV GL (vessels) classification. The owner of such a certificate can supply products according to DNV GL, DNV and GL. “We’ve long been holding certificates for our sheets, and we have…
Shareholders of Evraz Dneprovsky Iron and Steel Works and Evraz Sukhaya Balka will hold meetings to discuss the companies deals. The meeting will take place on June 22. The companies will discuss the amendments to the contract to cancel agreements with ESB dated April 26, on financial support of 2.97 billion UAH and 250 million…
According to Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, following the successful debt restructuring completed in March, one of its subsidiaries has secured a new financing facility as part of an equipment leasing agreement. Ingulets GOK, one of the group’s key iron ore producers, has agreed to…
Metal products exports with the duty of 30 euro per ton bring to the state budget 5 times more than the scrap export of the same volume. “According to our calculations, 1 ton of scrap, processed into metal at the duty of 10 euro, gave 10 times more to the budget than 1 ton of…