The President representative in the Cabinet of Ministers Andrei Gerus stated that the issue of clearing salary debts to Lvivugol state enterprise had almost been settled. “Today Lvivugol will receive money for fuel, and tomorrow all the debts for February-April will be cleared”, he declared. According to him, the situation at the Volynugol is also…
Gold production on Russia’s Chukotka peninsula rose by 4.4 tons YoY, to 12.8 tons as of June 18, the regional government said in a statement. The Tenkinsky district of the region was the leader with 7.9 tons, the Severo-Evensky produced about 1.2 tons, and the Srednekansky 1.1 tons. Alluvial gold output started in May. The…
In January-May Ukraine increased metal cargo transportation via the Dnepr River by 39.4% YoY, to 441.5 thousand tons. In May, 210.4 thousand tons were transported, almost as much as during January-April. Last year metal companies transported 1.29 million tons of cargo via the Dnepr River, up by 6.7% YoY. (Ukrainian metal)
In January-May Ukraine decreased ferrous metals exports via its seaports by 3.7% YoY, to 6.6 million tons. According to the Ukrainian Administration of Sea Ports, pig iron exports dropped by 30.1%, to 934.7 thousand tons, rolled metal – by 1.8%, to 4 million tons, and scrap – by 24.9%, to 24 thousand tons. At the…
In May Kazakhstan produced 0.407 million tons of steel, down by 0.2% YoY. According to the Ministry of the National Economy, in January-May steel output dropped by 0.2%, to 1.931 million tons. Flat rolled metal manufacture went down by 10.1%, to 0.234 million tons, with 5 months results down by 34.4%, to 0.836 million tons.…
Magnitogorsk Iron and Steel Works (“MMK”), one of the largest steel suppliers in Russia rated Baa2 (Moody’s) / BBB (Fitch) / BBB- (S&P), returned to the international market after more than 15 years with a successful placement of 5-year $500-million Eurobonds with an annual coupon rate of 4.375% payable semi-annually. The proceeds of the issue…
NLMK Group, a global steel company, and venture capital firm Fort Ross Ventures, a partner of Sberbank, have penned an agreement to cooperate to support innovations. Under the agreement, Fort Ross Ventures will provide NLMK Group with information on projects related to the Internet of Things, artificial intelligence technologies, cyber-security, cloud technologies, etc., that will…
During the visit to the PJSC “Mariupol Ilyich Iron and Steel Works”, President of Ukraine Volodymyr Zelensky took part in the ceremony of signing the investment contract between Metinvest Holding and Air Liquide on the construction of the air-distributing complex. The ceremony was attended by Ambassador Extraordinary and Plenipotentiary of France to Ukraine Isabelle Dumont,…