Volgograd-based Severstal Steel Ropes, an affiliate of steel maker Severstal, has completed an upgrade and plans to set foot on foreign markets, CEO of parent unit Severstal-Metiz Sergei Kovryakov reported. “We can raise the volume, but the Russian market does not grow that much. We plan to set foot on other markets, the European, Asian…
Tajikistan hopes to attract additional investments of $300 million in mining and metallurgical sphere. “The volume of investments in the next 5 years has to reach 2.73 billion somoni”, the government approved program of development till 2025 says. Additional investments will help local companies modernize existing capacities and commission new ones, as well as develop…
In March Energomashspetsstal supplied domestic customers with a wide range of products. In particular, the company delivered a total of over 500 tons of products to 12 enterprises. At present EMSS is producing supporting and working rolls for Azovstal, Zaporizhstal and Mariupol Ilyich Iron and Steel Works. (Ukrainian metal)
Russian steelmaker Severstal has narrowed the coupon guidance for its 10-15-billion ruble bonds to 8.65-8.75% annually, which corresponded to an 8.84-8.94% annual yield to a 5-year buyback offer, a banking source reported. The initial guidance was set at 8.65-8.85% annually. The issue carries semiannual bonds. Technical placement is preliminarily scheduled for April 9. VTB Capital,…
Raspadskaya-Koksovaya mine has changed the method of coal extraction. The switch will allow increasing coal output 2.5-fold. The first long face to operate with the new mining method has been prepared. Its length is 225 meters and coal reserves are 886 thousand tons. Monthly output is expected at 150 thousand tons. (Ukrainian metal)
The Sixth Administrative Court of Appeals refused to satisfy the claim of the Kiev prosecutors who demanded to cancel the special license given to the Ukrlitiydobycha LLC to extract lithium ore in Kirovograd region. The prosecutors said the license was given in violation of the legislation. The court said, that in 2011 the Ministry of…
Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of fuel valued at 105.91 million UAH. In particular, the enterprise ordered 2.730 tons of diesel fuel at 26,397 UAH per ton, 610 tons of A-92 petrol at 27,864 UAH per ton 41 tons of white spirit at 48 UAH per…
Sukhaya Balka intends to borrow $30 million from the state Oschadbank and will also act as a guarantor on the similar loan of Dneprovsky Iron and Steel Works. These issues will be discussed at the annual shareholders meeting scheduled for April 11. The loan will be provided for 36 months with the interest rate of…