Russia: DTEK mines to unite

DTEK plans to make a separate company of its Rostov mines by October. According to DTEK CEO Maxim Timchenko, the deal is in the final stages. This will allow DTEK to decrease its credit pressure by over $400 million. DTEK will retain management and operational control over the mines, and the new company will also…

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Russia: Nornickel delivers further environmental enhancement project

Nadezhda Metallurgical Plant (NMP) Hydrometallurgical Shop has fully transitioned to dumping tailings to the rebuilt dam via a newly installed tailings pipeline, operational as of September 15. The project is an element of the large-scale environmental enhancement program embarked on by Nornickel. The company is striving to identify the areas with the highest historical exposure…

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Russia: ChMK to elect a new board

On November 11, shareholders of Chelyabinsk Iron and Steel Works will discuss the early termination of the board office and elect a new one. The acting board was elected on June 21. It includes board chairman Igor Zyuzin, managing director Rashid Nugumanov, HR director Natalia Trubkina, Mechel-Steel director Valery Usachev, Mechel-Steel general director economics and…

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Ukraine: scrap market to get out of the shade

Ukrmetallurgprom and Vtormet have initiated changes to legislation to lead the scrap market out of the shade. “We have just signed the letter to the prime-minister Vladimir Groysman on legislation initiatives. They will make the scrap market more clear”, the Ukrmetallurgprom president Alexander Kalenkov said. In particular, the changes propose the cancellation of VAT in…

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