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Russian gold producer Polyus has set the price guidance of its secondary public offering (SPO) close to the lower bracket of a $66.5-70.6 range per share, a source close to the placement reported. The initial placement price guidance was set at $33.25-35.3 per global depositary share (GDS), which corresponds to $66.5-70.6 per share. “The lower…
DetailsDTEK Komsomolets Donbassa mine, with assets on the occupied territory of Donetsk region, has to pay 13.8 million UAH to the Pension Fund. The company has long been not paying pensions to its employees and not reimbursing the Pension Fund, as the result its debt amounted to 13.8 million UAH. The Donetsk region prosecutors filed…
DetailsUskovskaya mine is one of the best coal enterprises of Kuzbass as to output. 1 million tons of coal have been mined from two long faces – 50-10 and 50-08 (put into operation in May). The target was reached in 4 months. Each month the miners yield 250 thousand tons of coal. The first 1…
DetailsCherepovets Iron and Steel Works has set a new manufacturing record making 75 smeltings on two converters in one shift. The new schedule on smelting has been prepared with the help of manufacture and orders planning department. Severstal-Vtorchermet supplied enough scrap. The previous record was set in June 2015 – 70 smeltings. (Ukrainian metal)
DetailsSeverstal has received the certificate that the V550V steel for concrete reinforcement with the diameter of 10-32 mm produced by Cherepovets Iron and Steel Works meets all requirements of the Latvian state standards LVS 191-1:2012 and LVS 191-1:2012/AS:2015. Severstal became the first foreign supplier of rebars to be certified according to these standards. (Ukrainian metal)
DetailsOn June 27 the Iron and Steel Works named after Komintern was on fire. “The roof of the manufacturing premises was in fire. The size of the fire was 250 square meters. There were no casualties”, the emergency service reported. According to the witnesses, the pipe shop was in flames. Kominmet produces steel pipes and…
DetailsThe Zaporizhstal computer network has become a target of the virus attack. But the computer system has been saved, as the threat has been timely found. When the threat has been discovered, the decision has been taken to switch all computers off. At present all the metal manufacture at the works is operating in normal…
DetailsEvraz has reported that its information system has been attacked by hackers. “There was a malfunction in the net. The main manufacture is operating. There is no threat to the employees and the enterprises. The specialists are dealing with the situation”, the group said. (Ukrainian metal)
DetailsValki-Ilmenit, despite the cancellation of license, goes on mining raw materials in Zhytomir region for Crimean Titanium, connected with Dmitry Firtash. “On the territory of Zhytomir region there is Valki-Ilmenit LLC, a sole quarry which supplies raw materials to the occupied Crimea, to Crimean Titanium. On March 28, the State Geology Service cancelled its license…
DetailsPoland’s Weglokoks has no plans to import coal from Russia, the company said in a statement following a report by newspaper Rzeczpospolita that it plans to do so due to the lack of own production. “There are many possible directions of coal imports. They are currently being analyzed, but preliminary understanding of the markets already…
DetailsEmployees of Georezerv TK CJSC are on an indefinite strike, Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the workers completely stopped the work of Ak-Tyuz processing plant in connection with the non-fulfillment of the requirements for payment of wages, provision with overalls,…
DetailsOn June 20 the state enterprise VostGOK Ingulskaya mine was allowed to develop a new zone of uranium ores within the range of the blocks-of-flats in Kropivnitsky. At the same time Smolinskaya mine employees intend to go on a strike. VostGOK has been allowed to work at the site for 10 years, and the company…
DetailsRussia and Ukraine plan to sign a new contract on supply of Ukrainian uranium to Russia in summer, International Uranium Enrichment Center General Director Gleb Yefremov said. “This year the agreement on creation of the IUEC was renewed for another 10-year period, but given the current inexplicable prices for uranium, for uranium fuel components, we…
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