Rusal has announced the successful pricing of a debut Eurobond transaction with the following key parameters: size $600 million, maturity 5 years, coupon 5.125%. Proceeds of the issuance are planned to be used for refinancing the company’s current indebtedness. Vladislav Soloviev, Rusal’s CEO said: “We are delighted to win overwhelming support for our debut Eurobond…Details
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Chelyabinsk Iron and Steel Works, a part of Mechel, produced 1 million tons of rolled metal at its rail and structural mill since it was put into operation. The 1 millionth-ton was the rail for the Russian Railroads. ChMK started supplying 100-meter rails to RZhD in January 2016. Last year the works delivered around 304…Details
In 2016 the Tuapse Sea Trade Port transshipped 14.1 thousand tons of cargo, down by 4% YoY. According to the port press service, ferrous metals transshipment increased by 8.1% YoY, to 2.25 million tons. A slight decrease in slab exports (by 2.3%) was compensated for by the new cargo for the Tuapse port, in particular…Details
In 2016 Cherepovets Iron and Steel Works, a part of Severstal Russian Steel, produced 1 thousand tons of two-ply steel. “This is a record volume of the rolled bi-metal produced at CherMK for the past 5 years. Because of the high characteristics it could substitute the foreign analogues on the Russian market”, the Severstal Russian…Details
In 2016 Yakutugol, a part of Mechel, mined 9.9 million tons of coal, up by 8% YoY. Neryugrinsky pit yielded 9.3 million tons, up by 10% YoY. This is a record for the enterprise since 2008. Kangalassky pit also demonstrated a considerable growth in mining. Last year it yielded 170 thousand tons of coal, up…Details
Zaporizhstal has commenced SKD assembly of blast furnace No. 3 right on the BF reconstruction site. All metal structures to be assembled on the new foundation weigh about 5,000 tons. To date, the plant has installed one of the six furnace shell blocks previously put together on a preparation site. Specialists have built a new…Details
SL Zoloto, a joint venture of state industrial corporation Rostec and gold producer Polyus, has won an auction to develop the Sukhoi Log gold deposit in the Irkutsk region having paid 9.4 billion rubles, Natural Resources and Environment Minister Sergei Donskoi reported. “SL Zoloto has become a winner of the auction for the largest gold…Details
Olenegorsk Mining and Processing Works, a part of Severstal, intends to spend 60 million rubles in 2017 on environment measures, up almost 2-fold YoY. “Our priority is to decrease the impact on air and water. Most of the money will be spent on those projects”, the acting CEO Alexei Scherbakov said. The largest environment project…Details
The prime minister of Kazakhstan Bakytzhan Sagintayev said that the country might soon lose the Russian coal market. “We have long been witnessing that Russia has been decreasing coal purchases. And the technologies are developing fast. Soon we might lose the market that we have today. We need to think of some other ways”, he…Details
The first deputy Prime Minister Askar Mamin suggests increasing coal exports to China. “China has increased its coal imports to 200 million tons. We have to see if we can increase our exports there. This is a large market. We have to see if we can supply from bordering regions”, he said. The prime minister…Details
The Belarus Universal Commodity Exchange (BUCE) has concluded the largest deal in its history – the purchase of 120 thousand tons of coal at the price of $8.64 million. 9 sellers and 4 buyers participated in the trade, and as the result of just one trade section the company was able to cover half of…Details
In 2016 Ukraine exported 39.2 million tons of iron ore raw materials, down by 6.5 million tons YoY. “Iron ore raw materials exports in December 2016 dropped by 22 thousand tons, to 3223 thousand tons”, the state enterprise Ukrpromvneshexpertisa expert Dmitry Zheltyakov said. Last year Japan increased imports by 535 thousand tons YoY, Serbia –…Details