Dmitry Pumpyanskiy, Chairman of the Board of Directors of TMK, and Alexander Shiryaev, CEO of TMK, have visited Lebedinsky GOK and OEMK (parts of Metalloinvest). During the visit, the management team of TMK learned about the production process of hot-briquetted iron (HBI). During the visit to OEMK, the TMK delegation was introduced to Metalloinvest’s steel…
Metalloinvest has signed two long-term credit facility agreements with ING Bank guaranteed by export credit agencies (ECA). The funds will be used to purchase equipment for the implementation of investment projects at Ural Steel (part of Metalloinvest). One of the agreements, a EUR 11.5-million ten-year credit line guaranteed by Euler Hermes Aktiengesellschaft (Germany), will be…
Metalloinvest has changed the composition of its board of directors. The new board comprises Ivan Streshinsky, chairman, Galina Aglyamova, independent non-executive director, Andrey Varichev, executive director, Valery Kazikayev, independent non-executive director, Nikolay Krylov, independent non-executive director, Irina Lupicheva, non-executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, and Dmitry Tarasov, independent director. The board…
Philips Lighting, a leader in global lighting solutions, has completed the first stage of large-scale renovation work on the lighting systems at three Metalloinvest enterprises: OEMK, Lebedinsky GOK and Mikhailovsky GOK. As part of the project, ready-made lighting systems have been installed at a total of 17 production facilities. As a result of the modernization…
A meeting has taken place at Lebedinsky GOK (a part of Metalloinvest) to discuss Metalloinvest enterprises’ partnership with the rolling stock operating company New Forwarding Company (a part of Globaltrans Group), specifically focusing on issues relating to freight transport organization in the current year, as well as in 2018-2019. Participants of the meeting included: representatives…
In January-June Metalloinvest increased its net profit by 36.7% YoY, to $585 million. The group earnings reached $3.032 billion, up by 57%. EBITDA was $1.061 billion, up by 99.1%. Metalloinvest net debt totaled $3.602 billion. (Ukrainian metal)
Metalloinvest has partially paid back the tranche B of the pre-export loan PXF-2017 in advance. According to the company statement, the amount of pay back is $100 million. In 2017 the company signed an agreement with a pool of banks on a $1.05-billion loan with the possibility to increase the limit by $450. PXF-2017 consists…
Metalloinvest and Evraz have signed new long-term contracts for the supply of 3.4 million tons of iron ore and pellets. The contracts stipulate that Mikhailovsky GOK (a part of Metalloinvest) will have supplied Evraz with 1.6 million tons of pellets and 1.8 million tons of iron ore concentrate by June 30, 2018. Nazim Efendiev, First…