The Russia-supported militants are prepared to “nationalize” major industrial enterprises, according to the head of the terrorist organization Lugansk People’s Republic Igor Plotnitsky. The so-called “parliament of LPR” has approved of the decree to make amendments to the law “On taxes”. According to it, all the companies operating in the region, but not registered in…Details
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Mikhail Spektor has been appointed the president of Black Iron to speed up the implementation of iron ore extraction and processing project in Ukraine. According to the company statement, up till September 2015, he has been the president of the VS Energy. Spektor will be responsible for obtaining all the necessary permits from the government…Details
Financial results of the Severstal Group cannot be considered satisfactory, Severstal CEO Alexander Shevelyov said. “If we analyze the results we will see that Severstal, unfortunately, has shown the worst dynamics among metal companies in Russia. We have increase profit from sales compared with 2015, but it is considerably low than that of NLMK or…Details
Magnitogorsk Iron and Steel Works has announced that board of directors held a meeting on February 10. The board has approved May 26, as the date for the annual general meeting of shareholders (AGM) of the company. The cut-off date for inclusion in the shareholder register for the AGM is May 2, at the close…Details
Russian tycoon Mikhail Prokhorov’s Onexim Group is preparing to sell part of a 17.02% stake in aluminum giant UC RUSAL on the market, Bloomberg reported citing sources familiar with the situation. Earlier Bloomberg reported citing sources that RUSAL was considering selling up to 20% of its new shares in London. The company sees good possibilities…Details
The licenses of two gold mining companies in Kyrgyzstan were suspended, the State Committee of Industry, Energy and Subsoil Use reported. The license of «Aksyaltyn Gold» LLC, which produces placer gold in Chon-Alai district of Osh region, and the license of «Andash Mining Company» LLC, mining gold in Talas region, were suspended. Licenses of other…Details
Mariupol Ilyich Iron and Steel Works decided to decrease output because of the blockade of the railroad to the uncontrolled territories. “The stable transport connection is part and parcel of the functioning of our enterprises. Our raw material stocks are dwindling. We even have to make a decision to decrease output. Without the operation of…Details
Darnitsa Car-repairing Plant, a part of Ukrzaliznytsia, has announced 22 tenders to buy wheels valued at 248.14 million UAH. Interpipe is winning at six of them. Two large orders (127.29 million UAH and 50.92 million UAH) were announced separately with the publication in English. Other 20 orders cover 69.93 million UAH. 5 of them have…Details
Krasnoarmeyskugol has decided to order personal protection units valued at 2.72 million UAH from Donenergoexport LLC. The previous two tenders have been cancelled due to the lack of participants. The enterprise intends to order 2600 breathing masks and 190 thousand filter elements at unknown price. In January mine named after Surgay ordered the same products…Details
Interpipe has supplied 3 thousand railroad wheels to the Saudi Railways Organization. According to the company statement, the total number of the KLW brand wheels to be delivered is 14 thousand units. Interpipe will produce and supply 3 types of wheels for railroad cars and locomotives with 838, 920 and 1046 mm diameter. The company…Details
Metinvest mining and metal company in January paid $2.747 million of interest under the eurobonds due in 2016-2018 being restructured. According to a report on the Irish Stock Exchange, the amount is equal to 30% of accrued and unpaid interest under the notes from and including December 31, 2016 up to but excluding January 31,…Details
Energomashspetsstal will produce a batch of rolls for Evraz-DMZ. The contract for delivery was concluded in January. According to the agreement EMSS will produce 14 working rolls with the total weight of 175.3 tons. The rolls will be used at the rolling mill of Dneprovsky Iron and Steel Works. After mechanical and thermal treatment rolls…Details
In January one of the leading gold-miners of Irkutsk region – Druza – mined 56.3 kg of gold. At present gold is mined only at the Nevskoye deposits. Operation at other deposits will commence in March. In 2017 the company plans to keep the last year levels of output. In 2016 Druza mined 1130 kg…Details