Evraz is selling 1% of the Yuzhniy Mining and Processing Works to its shareholders. The cost of the deal is $32.3 million. The shares will be purchased by Lanebrook Limited. Evraz bought 1% of UGOK in 2008 for $38 million. In 2018 UGOK produced 12.2 million tons of concentrate and 1.7 million tons of sinter.…
Since December 2018, Nord Supra LLC, Waiton Company LLC and Technomine Invest LLC have received 20 orders from the state mine groups valued at 143.1 million UAH. In particular, the state enterprise Mirnogradugol placed orders valued at 75.96 million UAH, Yuzhnodonbasskoye No. 1 Mine Group – 54.19 million UAH, Mine named after Surgay – 10.26…
Early on March 27 a fire broke out at the ventilation drift of the Pokrovskaya mine of the Pokrovskoye Mine Group in Donetsk region. 29 miners were evacuated. The fire broke out at the depth of 815 meters. There were no casualties. (Ukrainian metal)
All the three converters of the Cherepovets Iron and Steel Works have been switched to using combined steel blow technique. The total cost of the investment project exceeded 350 million rubles. With the new technique the time of the converter smelting will decrease by 0.5-1.5 minutes, which will result in the company savings of some…
The government decree dated March 21 has made amendments to the government decree dated August 30, 2013 on the customs duties on exported goods. According to the amendments, the customs duty on the export of tungsten ore and concentrates is zeroed. The decree comes into effect in 30 days since its official publication and is…
In 2019 Urals Mining and Metallurgical Company investments in the capital construction of the Gaysky Mining and Processing Works will grow almost 2-fold YoY, to some 6.2 billion rubles. The most part of the funds – over 4 billion rubles – will be spent on the project to increase ore output to 9 million tons…
Russian investors have bought 30% of the new Evraz eurobonds. Evraz has placed 5-year eurobonds in the volume of $700 million and with the interest rate of 5.25%. J.P. Morgan, BofA Merrill Lynch, Gazprombank, ING and Sberbank KIB acted as organizers of the issue. British investors bought 23% of the bonds, continental European investors –…
Russia’s gold output rose by 13.8% YoY, to 17.84 tons in January, the Finance Ministry said on March 27 citing the data on supplies to the refining plants. Mined gold output rose by 15.1%, to 14.11 tons, while by-product gold output increased by 40%, to 1.26 tons, but gold scrap production fell by 0.8%, to…