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Ukraine: Valki-Ilmenit banned from apatite-ilmenite deposits

The Zhitomir District Administrative Court has cancelled the order of the Korosten regional state administration chairman on the approving of the detailed plan of territory for the mining and processing works at the Stermigorod apatite-ilmenite deposits. In October 2013, the administration chairman granted Valki-Ilmenit the right to develop the detailed plan of the territory. In…

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Ukraine: Fitch upgrades Ferrexpo Plc to ‘B-‘

Fitch Ratings has upgraded Ferrexpo Plc‘s Long-Term Issuer Default Rating (IDR) to ‘B-‘ from ‘CCC,’ reads a report on the rating agency’s website. “The outlook is stable. Ferrexpo Finance Plc’s senior unsecured rating was upgraded to ‘B-‘ from ‘CCC’. The Recovery Rating on the senior unsecured rating is ‘RR4’. Ferrexpo’s Short-term IDR was upgraded to…

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Ukraine: Lugansk terrorists get hold of 3 Akhmetov’s companies

The so-called Council of ministers of the Lugansk People’s Republic has implemented outer administration at three companies of Rinat Akhmetov. The corresponding “document” has been published on the separatists’ portal. Temporal administration is implemented in Krasnodonugol, DTEK Rovenkiantrazit and DTEK Sverdlovantrazit. The separatists could expand the list of “nationalized” companies. (Ukrainian metal)

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Russia: Nornickel not to become green

At present there are no technologies in the world that can make metal industry green, Norilsk Nickel vice-president Elena Bezdenezhnykh believes. “We are constantly improving the ecological conditions. By 2023 the company will have invested 250 billion rubles into environmental projects. But, unfortunately, there is no technology that can make metallurgy green. At best it…

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