Russia: NLMK steel output to fall in 2019

Russian steelmaker Novolipetsk Steel (NLMK) plans to reduce steel production to about 16 million tons in 2019 from 17.493 million tons in 2018, President Grigory Fedorishin announced. “The amount of steel production will fall at the Lipetsk facility because a big blast furnace and a big converter will shut down for repairs. We intentionally united…

Russia: BrAZ profit up in Q1 2019

In January-March, the net profit of Rusal Bratsk Aluminum Works increased 1.9-fold YoY, to 1.344 billion rubles.

Revenue grew by 7.4%, to 27.214 billion rubles, and gross profit – by 9.7%, to 2.619 billion rubles.

Other income increased 5.5-fold, to 570.3 million rubles, while other expenses dropped 2.8-fold, to 42.5 million rubles. (Ukrainian metal)

Russia: MMSK replaces filter equipment

Mednogorsk Copper-Sulfur Works has carried out a project to replace filter equipment.

New Shandong Jingjin Environmetal Protection Equipment Co. Ltd filter-presses have been assembled at the dust-processing site of the sulfur acid shop.

Investments reached 41.2 million rubles.

The filtration area of the new equipment is almost twice larger – 240 square meters. (Ukrainian metal)

Russia: NLMK places $500-million 7-year Eurobonds

NLMK announced the placement of 7-year $500-million Eurobonds with an annual coupon rate of 4.7% payable semi-annually. The proceeds will be used for general corporate purposes. The issue was oversubscribed more than three-fold with the order book exceeding $1.7 billion at the peak and more than 150 investors. The final order book was subscribed by…

Russia: NLMK, Ministry of Natural Resources, Federal Supervisory Natural Resources Management Service and Lipetsk region sign cooperation agreement

NLMK Group, the Ministry of Natural Resources and the Environment of the Russian Federation, the Federal Supervisory Natural Resources Management Service (Rosprirodnadzor) and the Administration of the Lipetsk region have signed a four-way Cooperation Agreement in sustainable development. The Agreement, which forms part of the National Ecology Project, was signed by Grigory Fedorishin, NLMK Group…

Russia: NLMK Group launches new by-product fuelled facility

NLMK Group has started hot testing at its briquetting plant, a facility to manufacture metallurgical briquettes for use in blast furnace operations. The project will enable the production of feedstock from blast furnace by-products, and the recycling of previously accumulated waste. The production technology is NLMK’s in-house development. It was conceptualized by Ivan Kurunov, an…

Ukraine: Cyprus company sues UGOK

Wadless Holdings Limited (Cyprus) has filed a claim to the Yuzhniy Mining and Processing Works demanding the recovery of the debt on dividends valued at 132.32 million UAH. The company owns 21.16 million shares of UGOK and thus is entitled to the dividends of 132.32 million UAH (6.25 UAH per ordinary share), according to the…

Russia: Vorkutinskaya mine commissions new long face

Vorkutaugol has started operating at a new long face.

The reserves of the face are estimated at 754 thousand tons of coking coal.

The design output of the face is some 1.5 thousand tons of coal per day.

The development of the face will last till October 2020. (Ukrainian metal)