Ukraine: Privatbank wins suit against Marganets GOK

Privatbank has gained another victory in the claim against a guarantor in loan re-financing – this time Marganets Mining and Processing Works.

The court proceedings started in 2017.

On May 14 Privatbank won in a similar case against Pokrovsky GOK. (Ukrainian metal)

Russia: Severstal Steel Ropes presents unique solutions for elevator industry

Severstal Steel Ropes has presented a new range of elevator ropes at the Russian Elevator Week-2019.

The company is demonstrating new Alerion steel ropes characterized by increased service life, including Alerion MC8 ropes with 8-thread metal core.

Previously such steel ropes had to be imported. (Ukrainian metal)

Russia: SUMZ commissions new gas exhaust system

Sredneuralsk Copper-Smelting Works has put into operation a new Aspeks system of gas purification in the converter department of its copper shop.

Investments in the system implementation reached 300 million rubles.

The system has been assembled at all the four converters. (Ukrainian metal)

Ukraine: AMKR on unscheduled inspection by State Environment Inspectorate

ArcelorMittal Kriviy Rih carries out its business activities in accordance with effective legislation of Ukraine and expects respective actions and attitude from public authorities and local government bodies. According to article 19 of the Constitution of Ukraine, public authorities and local government bodies, their officials must act only based on and within their powers and…

Ukraine: Donetskstal to invest $100 million in development

This year Donetskstal intends to invest $100 in its development.

“And in the next 5 years we will carry out a number of projects, which will let us increase output 2-fold”, the company CEO Ildar Saleyev said.

Since the start of the year Donetskstal has created 600 jobs. (Ukrainian metal)

Uzbekistan: coal output down in January-May 2019

According to the State Statistics Committee, in January-May Uzbekistan mined 1239.2 thousand tons of coal, down by 15.3% YoY.

The decrease in coal mining is accompanied by the rapid price growth.

Compared with May 2018, the price has increased 1.7-fold.

The need in investments in coal industry is estimated at $420 million. (Ukrainian metal)

Russia: Polyus Aldan extracts 3 tons of gold

Since the start of the year Polyus Aldan has obtained 3 tons of gold.

Last year the result was reached several weeks later – on July 12.

Polyus Aldan is developing 11 gold deposits on the territory of the Kuranakh ore field in the Republic of Sakha (Yakutia). (Ukrainian metal)