KAZ Minerals has signed an agreement with Caterpillar Financial Services (UK) Limited on the loan of $100 million. Caterpillar is the main supplier of mining machinery to KAZ Minerals mines – Bozshakol and Aktogay. The new loan line consists of two sub-lines of $40 million and $60 million. KAZ Minerals has pledged Caterpillar machinery (both…
Black Iron has reached an agreement with the government of Ukraine to receive a land plot for the construction of a new mining and processing works near Krivoy Rog. A corresponding memorandum of understanding has been signed with the Ministry of Defense. The ministry agreed to provide the Canadian company with 1236 ha of lands…
In January-October Krivoy Rog Iron Ore Industrial Complex decreased ore output by 9% YoY, to 3.65 million tons. In October the enterprise manufactured 370 thousand tons. In 2018 KZhRK decreased output by 9.7% YoY, to 4.6 million tons. In spring the Octyabrskaya miners went on a strike, and as a result, the management recalculated their…
Energomashspetsstal is busy producing supporting rolls for Essar Steel. Another batch was shipped in October. The weight totaled 73 tons. This was the third batch of rolls supplied to Essar Steel this year. So far 9 rolls have been shipped to India. Two more supporting rolls will be delivered until the end of the year.…
Severin Development will carry out the Malmyzh deposit financial and technical audit for the Russian Copper Company. The availability of the professionally done technical expertise will allow attracting long-term financing to the project and control the usage of loan funds. RCC intends to construct a processing works with the capacity of 56 million tons of…
On November 18 Trubodetal, a part of OMK, celebrated its 70th anniversary. The company is one of the largest manufacturers of metal products for the construction of fuel and energy as well as power industries objects. Trubodetal has supplied metal for the construction of the Druzhba, Bovanenkovo – Ukhta, Sila Sibiri, Blue Stream pipelines, etc.…
Aggregate investment in a joint venture (JV) between metals companies Norilsk Nickel and Russian Platinum is estimated at $15 billion, Russian Platinum CEO Musa Bazhayev told president Vladimir Putin. Bazhayev also said that the platinum group metals reserves of the joint venture, which was at a final stage of establishment, would amount to 4,500 tons,…
In January-September the Belebey Works Avtonormal received 51.7 million rubles of net profit, up 9-fold YoY. The company is mastering manufacture of new production techniques as well as applying protective coating and developing new fastener structures. Revenue dropped by 2.4%. (Ukrainian metal)