NLMK Group has amended the terms for its EUR 250-million revolving credit facility. The financing costs of the facility will now be linked to the company’s sustainability performance that will be assessed by Sustainalytics, a provider of environmental, social and corporate governance research and ratings. The ESG rating change will result in the adjustment of…
In 2019, Irkutsk region extracted 25,257 kg of gold, up by 2% YoY. Polyus and Vysochaishiy contributed the most of the output. In particular, Polyus Verninskoye produced 7.902 kg of ore gold and Lenzoloto – 4,529 kg of alluvial gold. Vysochaishiy yielded 3,438 kg of gold and its daughter company Ugakhan LLC – 2,350 kg.…
Metallurgy remains one of the most investment-attractive spheres – it accounts for over 25 projects with the volume of investments on the level of 3 billion rubles each. Metal industry share in the Russian GDP is 5%, in industrial manufacture – 12% and in exports – more than 10%. The largest projects so far are…
In January, Almetievsk Pipe Works commissioned a covered warehouse to store finished products. The capacity of the warehouse is 7 thousand tons of pipes. The decision to construct such a warehouse was included in the priority plan following meetings with partners. Previously the company stored pipes in open warehouses, which could not provide full protection…
The authorities of Yugra have provided land plots for the construction of a Severstal and Tenaris joint venture to produce welded pipes. Severstal has started making project estimates, and until the end of the year will begin construction. The new works will create 500 jobs and will provide payments to the budget at the level…
In 2019 Ukraine produced 10 million tons of coke, down by 7.1% YoY. In particular, Avdiivka Coke and Chemical Works decreased output by 16.6%, to 3.2 million tons, Azovstal – 6.6%, to 1.36 million tons, Dneprovsky By-Product Coke Plant – by 8.9%, to 564 thousand tons, Dneprokoks – by 12%, to 530 thousand tons, Zaporozhkoks…
In 2019 Ukraine decreased ferrous metal scrap exports 7.8-fold YoY, to 42.18 thousand tons, at the same time increasing exports by 17.2%, to 49.93 thousand tons. According to the State Customs Service, thus import has for the first time since 2011 exceeded export. In monetary terms export decreased 9-fold, to $11.78 million, while import –…
In 2019, Ukraine mined 31.22 million tons of coal, down by 6.2% YoY. According to the Ministry of Energy and Environment Protection, coking coal mining grew by 8.8%, to 6.32 million tons, while that of power-generating coal fell by 9.4%, to 24.9 million tons. In December 2019, coal output dropped by 0.1% YoY, to 2.8…