Ukraine: AMKR invests $200 million into development

In 2015 ArcelorMittal Kriviy Rih invested over $200 million into development. “If we take the highly unstable exchange rate into account, then we have invested more that $200 million”, said the company CEO Paramjit Kahlon. According to him the works has finished the construction the pulverized coal injection complex at its #9 blast furnace, overhaul…

Ukraine: ISD registers its companies on the Kiev-controlled territory

The Industrial Union of Donbass Corporation and its companies from Lugansk region have been reregistered on the territory controlled by the Ukrainian government. “Following the shareholders meetings at Alchevsk Iron and Steel Works, Alchevsk By-Product Coke Plant and Ecoenergia, all the companies have been reregistered at Severodonetsk, that is under control of Ukraine. The companies…

Russia: Glass Lewis and ISS recommend Mechel shareholders to vote “for” deals with creditors

Mechel announces that Glass Lewis and ISS, independent proxy advisory firms, have recommended Mechel shareholders to vote to approve the deals with creditors at the company’s extraordinary general meeting scheduled for May 26. Glass Lewis and ISS recommended that Mechel shareholders approve of the transactions on providing and changing suretyships and pledges provided by the…

Ukraine: UGOK sinter output up in April 2016

In April Yuzniy Mining and Processing Works produced 136.9 thousand tons of sinter, up by 13.1% YoY. At the same time, its concentrate output dropped by 5.6% YoY, to 889.5 thousand tons. According to the company statement, in January-April it produced 3603.8 thousand tons of concentrate and 532.2 thousand tons of sinter, down by 3.8%…

Ukraine: AMKR to resume shipping to Russia

ArcelorMittal Kriviy Rih has completely stopped delivering its metal to Russia, as it’s economically inexpedient, but could resume the shipping provided the price increases. “We don’t sell much in Russia. But we could possibly resume our sales there”, said the company CEO Paramjit Kahlon. According to him, the market started to revive and metal prices…

Ukraine: Donetskstal appoints supervisory chairman

Shareholders of Donetskstal have dismissed Yuri Filatov from the office of the supervisory board chairman and appointed Dmitry Christodulidi instead. According to the company statement, Christodulidi was the economy and finance deputy to the general director. Shareholders have also reelected Mikhail Ilyashov and Natalia Lobacheva supervisory board members. The board has been appointed for 3…

Russia: Norilsk Nickel’s “Conquerors of the North” wins the all-Russian graduate awards contest

More than twenty applications from various Russian and foreign companies were submitted for the contest. Projects notable for innovative solution and creative approach, as well as containing feasibility study, became winners. The contest’s jury composed of experts from major recruiting and consulting companies gave the first place in the nomination “Best students-engaging program” to Norilsk…

Ukraine: MGOK and OGOK resume operation

Marganets Mining and Processing Works and Ordzhonikidze Mining and Processing Works resumed their operation.

According to the executive director of Association of Ukrainian Ferroalloy Producers Sergey Kudryavtsev, the operation of the companies stopped in December 2015.

In March OGOK produced 7.2 thousand tons of manganese concentrate, while MGOK output totaled 46.4 thousand tons. (Ukrainian metal)