Interpipe has finished restructuring its debt with partial writing off, including eurobonds for $200 million with the rate of 10.25% and maturity in 2017. Thus, the company indebtedness decreased to $309.19 million with the rate of 10.25% and maturity in 2024 and the loan of $45.81 million with maturity at the end of 2020. The…
Rusal has received a syndicated pre-export financing loan of $1.085 billion for 5 years. The initial amount of the loan was $750 million. The funds will be used to partially refinance the current PXF loan for $2 billion, received in May 2017. (Ukrainian metal)
In January-September Mednogorsk Copper-Sulfur Plant increased raw copper output by 6.9% from the target. Potassium zinc sulfate manufacture grew by 97% from the target, to 392 tons. The investment of 37 million rubles in two filter presses allowed increasing the output. (Ukrainian metal)
Polymetal is planning to invest $20 million in the Tomtor deposit development in Yakutia. With such financing the company intends to own a share of at least 10% in the project. The investments will be estimated at a board of directors meeting in December. Tomtor reserves amount to 154 million tons of ore with high…
Last week the price of one ounce of gold increased by slightly over 22.7 manats ($13.4) or by 0.9%. Accordingly, the average price of one ounce of gold stood at 2,536 manats ($1,491). The price of one ounce of silver grew by over 4.9 manats ($2.9) or by 1.7%, to 29.9 manats (about $17.6). The…
The state enterprise Vostochniy Mining and Processing Works has concluded a framework agreement with 4 companies on the delivery of fuel oil until the end of the year. Expo-Trading LLC, Technohimresurs LLC, Eco-Service Trading house LLC and Sunrise Logistics LLC have applied for the participation in the tender to supply 500 tons of M-100 fuel…
In January-September Kimkano-Sutarsky Mining and Processing Works LLC produced 1.881 million tons of iron ore concentrate, up by 10.5% YoY. Because of unfavorable weather conditions the company had to decrease ore output by 21%, to 1.847 million tons. In Q3 concentrate manufacture dropped by 11.9%, to 618 thousand tons. 1.841 million tons of concentrate were…
In January-September MMK – Lysva Iron and Steel Works manufactured 201 thousand tons of metal products, up by 7 thousand tons YoY. Galvanized rolled metal manufacture increased more than 6-fold, to 26 thousand tons. At the same time the output of galvanized metal with polymer coating decreased by 12%. (Ukrainian metal)
