The EBRD is arranging a $350 million syndicated loan to JSC ShalkiyaZinc Ltd, a Kazakh mining company, for the expansion of the Shalkiya zinc and lead mine in the Kyzylorda region as well as the construction of a new processing plant at the site. The loan is in line with the bank’s strategy of supporting…Details
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The Almalyk Iron and Steel Works in Tashkent region started the construction of a lead plant with a capacity of about 30,000 tons per year, reads a message posted on the website of the Almalyk Complex. The plant is expected to be built in 2017-2019, according to the message. The cost of the lead plant…Details
The advisor to the minister of energy and coal industry Maxim Bilyavsky reported that the purchase of pipes for the construction of interconnector would start in autumn. Ukrtransgaz and Gaz-System (Poland) have signed an agreement to construct a gas pipeline between the countries. The length of the pipeline will be 99.3 km, and the project…Details
The Novovolynskaya No. 9 mine first shift miners refused to get into the shaft because of the non-payment of salary, but after negotiations with the management, went underground. “The reason of the protest is the non-payment of salary. They have been paid 54% of April salary, and have seen no money since then. While the…Details
This year Olkon will get a new crushing complex. A site is being prepared for it at the entrance to Olenegorsk quarry. “The 130-million project will help Olkon produce the high quality breakstone for its own use and to sell”, Olkon executive director Alexei Borisov said. The capacity of the crushing machine is 60 thousand…Details
The coal terminal of the Eastern mining company is increasing coal throughput. In early June the coal seaport of Shakhtersk exported 1-millionth ton of coal. Last year such a volume was reached on June 23, thus the port improved its indexes by 3 weeks. In late May the port also set a daily record of…Details
RZhD Logistika will provide services on logistics consulting to Norilsk Nickel. The corresponding agreement has been signed within the XII international railroad business forum “Strategic Partnership 1520”. RZhD Logistika will analyze the Nornickel transport schemes and its overhaul plans, creating the consulting report on the transport model. “Logistic consulting for such a major company as…Details
During the Metal Structures 2017 exhibition the application of used pipes in construction has been discussed. “Steel pipes are used more and more often in various metal structures, and it is important to pay attention to the quality of the material, as it affects the quality of the structures and buildings as well as the…Details
In January-March DTEK mined 8.36 million tons of coal, up by 15.7% YoY. Coal concentrate output in Q1 increased by 29.2% YoY, to 4.27 million tons. It should be noted that DTEK started buying coal for its thermal power plants in South African Republic and Poland to cover the shortages of coal deliveries from the…Details
The largest pig iron manufacturer of Russia – Tulachermet – has signed an 8-billion rubles loan agreement with Alfa-bank for 3 years. The money will be spent to refinance the company current debts. “Alfa-bank has offered good conditions, thanks to which we have been able to optimize the structure of our loan portfolio”, the Promyshlenno-metallurgichecskiy…Details
PJSC “MMC “Norilsk Nickel” has closed its $500-million Eurobond offering maturing in April 2022 with an annual coupon rate of 3.849%. The proceeds from the issue will be used for general corporate purposes and capital investments. Sergey Malyshev, the company’s Senior Vice-president and Chief Financial Officer, commented: “With this Eurobond placement we achieved our main…Details
DTEK Energo intends to increase investments into Pavlogradugol and Dobropolyeugol by 40% YoY, to 4.2 billion UAH. “In Pavlogradugol we will invest 3.2 billion UAH, up by 28% YoY, in Dobropolyeugol – 1 billion UAH, up 2-fold”, the company acting CEO Dmitry Sakharuk noted. “We have already put 10 out of 33 planned long faces…Details
In January-May Ukraine imported $1.036 billion worth of coal, up 2-fold YoY. According to the State Fiscal Service, the major suppliers were Russia (52%), USA (25.5%) and Canada (7%). In particular Russia supplied $538.9 million worth of coal, up from $363.8 million, USA – $264.5 million, up from $83.8 million, and Canada – $72.8 million.…Details