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Russia: Rashnikov sells 3% in MMK

Mintha Holding Limited of businessman Viktor Rashnikov has sold a 3% interest in Russia’s Magnitogorsk Iron and Steel Works (MMK) on the market for about 36.7 rubles per security, a financial source reported on September 6. “The bidding book was open yesterday and the placement of the entire stake was successful. Many Russian brokers bid…


Ukraine lacking gas coal

The minister of energy and coal industry Igor Nasalik says Ukraine is experiencing the shortage of gas coal to replace anthracite. In 2017 anthracite consumption dropped by 3.5 million tons and is expected to decrease by 3 million tons more in 2018. Nasalik has addressed the Ministry of finances to provide funds for investments into…


Ukraine: Zaporizhstal remechanizing loco fleet

Zaporizhstal is implementing the project on remechanization of its diesel-locomotive shunters. According to the company statement, this will improve the lifetime of its fleet comprising 80 locomotives. In August the works carried out a pilot project. Investments totaled 8 million UAH. The modernization of the locomotive has been carried out by Nikolayev Locomotive-Repair Plant. Modernization…