Russia: STZ gets Alfa-Bank loan

Alfa-Bank has provided financing of 2.5 billion rubles to Seversky Pipe Works, a part of TMK. The funds have been issued for 4.5 years. “Alfa-Bank is supporting the long-term partner relations with TMK. Strong capital positions, flexibility, speed and the industry expertise allow the bank to successfully compete with state banks for the largest borrowers…

Kyrgyzstan: Makmal mine looking for partner

According to preliminary data, Makmal field will have been put up for competition by November 1, the Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan Suyuntbek Alikeyev announced. According to him, about 200-300 million soms are needed for additional exploration of the two sections of the field. Kyrgyzaltyn JSC…

Russia: GV Gold’s output up in Q3 2018

Gold output of GV Gold rose by 50% YoY and by 27% QoQ, to 92,500 ounces in July-September, the company said in a statement on October 18.

In January-September production grew by 64% YoY, to 220,300 ounces.

In 2018 the company plans to produce 280,000-300,000 ounces of gold. (Prime/Ukrainian metal)

Ukraine: PM to discuss miners’ salaries

Next week Prime Minister Vladimir Groysman intends to host a meeting on the salary debts to state miners and other debts in the industry. According to him, the problem of the profitless operation of state coal industry is systematic, and the government has to provide 2.5 billion UAH of subsidies for coal miners in the…

Russia: scrap deliveries to MMK up in January-September 2018

In September direct railroad deliveries of ferrous scrap to MMK grew by 11% YoY, to 258.7 thousand tons.

According to the railroad statistics, in 9 months deliveries totaled 1.36 million tons, up by 3.6%.

Since 2012 MMK has been the leader in scrap purchases via railroad. (Ukrainian metal)

Russia: wheel prices increase

The Federal Antimonopoly Service has initiated a case against railroad wheel manufacturers – Vyksa Iron and Steel Works and NTMK. They are suspected of setting monopoly high prices for wheels. The service reported a considerable increase in price since H2 2017. In April the Eurasian Economic Committee increased antidumping duty for Interpipe wheels from 4.75%…