Metalloinvest will buy its bonds with the maturity in 2020 earlier than planned. The decision has been taken in order to optimize the group loan portfolio. The bonds had to mature in April 2020. But Metalloinvest decided to take advantage of its make-whole option. The funds to buy the bonds will come from a new…
A delegation of Azerbaijan Industrial Corporation OJSC and its subsidiary Azeraluminium LLC took part in the International Aluminum 2019 conference held in Athens. The conference is the biggest European event dedicated to the aluminum market and is of great importance from the point of view of discussing strategies and development paths in this market, as…
Gold mining company Centerra Gold Inc. announced that Michael S. Parrett would succeed Stephen A. Lang as independent Chair of the Board of Directors effective October 1. Stephen Lang, who joined Centerra’s Board of Directors in 2008 and had held the Chair position since 2012, would remain as a board member and support an orderly…
In July Russia imported 1.3 tons of tantalum, including scrap, up by 138.5% MoM and by 0.2% YoY. Deliveries from China increased from 51 tons to 395 tons, and from Kazakhstan – from 485 tons to 880 tons. In January-July tantalum imports totaled 5.4 tons, down by 35.43% YoY. In monetary terms since the start…
In July Russia exported 253.6 tons of long-rolled copper, down by 19% MoM and by 37.2% YoY. Exports to Belarus grew by 17%, to 141 tons, and to Kazakhstan – by 41%, to 33 tons. Deliveries to Germany dropped from 59 tons to 35 tons and to Ukraine – from 51 tons to 11 tons.…
Since the start of the year Electrocable Kolchugino Works has supplied some 250 km of cable for the construction of the Moscow subway stations. Until the end of the year 200 km more will be delivered. “The cable wares for spaces with a lot of people, especially underground, have increased safety requirements. Our cables are…
In August stainless steel manufacture (primary forms and semi-finished products) totaled 12.7 thousand tons, down by 19.7% YoY and by 9.1% MoM. According to the Federal Service of State Statistics, in January-August the output fell by 14.2% YoY. In August metal output decreased by 1.1% YoY, while in 8 months grew by 1.3% YoY. (Ukrainian…
If the decree No. 1210 is supported by the Parliament, the industry will most likely start importing iron ore and not mining its own. “ArcelorMittal has already said they would review their policy and start importing iron ore, and not mining it in Ukraine, as it would become inefficient. The decree is bad for all…