Dimosenco Holdings, an affiliate of Russian billionaire Mikhail Prokhorov’s Onexim group, has started collecting bids for 2.5% in aluminum giant UC RUSAL at a price of $200 million, a banking source reported. The offer is in the form of accelerated bookbuilding, which indicates that Onexim may increase it, the source said. VTB Capital acts as…
DetailsUkraine’s coal production is expected to increase by 60-80%, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has stated. “I look at the development of coal industry with optimism. We have set a task to increase coal production by almost 60-80%, and we will achieve this result by joint efforts,” Nasalyk said. According to him,…
DetailsThe program to purchase all the necessary things for Selidovugol new long faces will not be financed. This has been reported by the energy and coal industry minister Igor Nasalik, who has thanked the ministry working group for all the claims to the prices that have allowed to decrease the ministry expenses. He said that…
DetailsVIZ-Stal, a part of NLMK, has completed the first stage of transformer rolled metal thermal treatment machinery modernization. In particular, 8 new stands of bell furnaces have replaced outdated machinery, improving the reliability of the furnaces and decreasing expenses. Within the first stage of the modernization program 7% of all the stands at VIZ-Stal have…
DetailsIn 2016 Izhstal, a part of Mechel, increased deliveries to Belarusian MAZ by 71% YoY. Supplies to Spetsagro increased by 96%. Shipments to other major Belarusian companies also increased. In 2016 exports totaled 7.5% of Izhstal output. The company exported to 21 countries. Major importers were Belarus, Belgium, Kazakhstan, USA, Germany and France. Alloyed steel…
DetailsIn 2016 Kyshtym Electrolytic Copper Plant, a part of Russian Copper Company, produced 122180.612 tons of copper cathodes, the record high result in the history of the company. The increase has been achieved thanks to the Karabashmed copper deliveries growth. The plant also produced 93729.629 tons of copper wire rods, or 21% of all the…
DetailsIn 2017 coal companies of Russia plan to export 175 million tons of coal, up by 10 million tons YoY. In 2016 Russia mined 385 million tons of coal, with Kuzbass region yielding 227.4 million tons. 165 million tons were exported. (Ukrainian metal)
DetailsThe Russian aide on image to the head of the so-called Donetsk People’s Republic Alexander Kazakov said that Ukraine should pay for the coal received from the occupied territories of Donbass to the terrorist republics “budgets”. He said this following the comments of the Ukrainian Prime Minister Vladimir Groysman that Ukrainian power and metal industries…
DetailsDneprovsky Iron and Steel Works has asked the President of Ukraine Petr Poroshenko to help break the railroad blockade near the Svetlanovo-Shpilovo stations route in Lugansk region. According to the company letter, DMZ, Alchevsk Iron and Steel Works, as well as Alchevsk Coke and Chemical Works pay taxes to the state budget. Last year they…
DetailsMetalloinvest announced the signing of an additional loan agreement with ING Bank. According to the terms of the agreement, the ING Bank has increased the limit of the company’s revolving credit line from $100 million to $150 million and extended the duration of the loan by two years. The bank has also improved the terms…
DetailsOn February 6, the South-Western Railroads, a subsidiary of Ukrzaliznytsia, held its first scrap auctions with the total value of 4.2 million UAH. The trade was announced on January 25. Only 2 companies participated: Nizhin Research and Mechanical Plant (NDMZ) and Trading House Budkom. The initial price of the auction was 5935 UAH per ton.…
DetailsNovotroitsk Plant of Chromium Compounds has invested 868.1 million rubles in construction of a ferroalloy production facility in the city of Novotroitsk, the Orenburg region government said in a statement. The annual production capacity of the new facility is 240 tons of degassed aluminothermal chrome in the form of tablets, 7.1 tons of metallurgic chrome…
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