Magnitogorsk Iron and Steel Works shipped 1,135 million tons of galvanized steel to its consumers in 2016, the most in the company’s history. The previous record of 1,116 million tons was achieved in 2014. During the past 15 years, MMK has sustainably grown its galvanized steel output. In 2002 and 2008, the company commissioned two…Details
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Rusal has completed the debut offering of Eurobond with the following key terms: principal amount of $600 million, tenor 5 years, coupon rate 5.125% per annum. The bond proceeds will be used to refinance some of Rusal’s existing pre-export finance facility and improve the company debt maturity profile. «The company received very strong demand for…Details
NLMK Group, an international steel-making company with operations in Russia, Europe and the USA, announces the appointments of Anatoly Khebnev as Vice President for Procurement and Dmitry Kolesov as Vice President for Maintenance. The position of Vice President for Maintenance of NLMK Group is newly introduced. Dmitry Kolesov had been NLMK’s Director of Maintenance Planning…Details
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, part of Russia’s largest coal port holding Port Management Company LLC, unloaded 21,887 wagons with 1.56 million tons of coal in January, up by 62.6% YoY (959,000 tons). Maximum unloading per shift was 473 wagons, per day – 877 wagons. From the beginning of…Details
The bid book for the secondary public offering of Russian oil and gas pipe producer TMK was oversubscribed under the current guidance range, a banking source reported. The company guided investors for a pre-market placement price of 74.5 rubles per security. The bid book will be closed at 7.00 p.m. Moscow time on February 7,…Details
In 2016 Ukrainian coal mining companies produced 40.9 million tons of coal, up by 1.119 million tons, or by 2.8% YoY. At the same time state-owned mines saw a significant decrease in production, the Energy and Coal Industry Ministry’s press service reports. In particular, coalmining companies produced 32.5 million tons of steam coal and 8.4…Details
In 2016 Mariupol Ilyich Iron and Steel Works spent 1.647 billion UAH on its technical modernization. Strategic investment projects cost the company 894 million UAH. “That’s the reconstruction of the gas-purifying equipment in the sintering factory (259 million UAH) and the second converter (136 million UAH), overhaul of the blast furnace No. 4 (334 million…Details
In 2016 Poltava Mining and Processing Works exported 11.416 million tons of iron ore pellets. Most pellets were exported to Europe and Near East, as well as Japan, China and Korea. Karelsky Okatysh (Russia) exported 4.941 million tons of pellets, Central GOK (Ukraine) – 2.21 million tons, Mikhailovsky GOK (Russia) – 2.161 million tons, and…Details
Within the 2017 investment program the Central Mining and Processing Works has put two large BelAZ cargo trucks and a Komatsu bulldozer into operation. The new machines will be operating at the Petrovsky quarry. “We started renewing our trucks last year. In summer 2016 we bought 6 BelAZs, and 4 more in December 2016. This…Details
In January Zaporizhstal produced 287.7 thousand tons of pig iron, 326.2 thousand tons of steel and 270 thousand tons of rolled metal. This is all down by 58%, 27.5% and by 31.4% YoY respectively. The decrease in the January output has to do with the major overhaul of the blast furnace No. 3 for 150…Details
Mariupol Ilyich Iron and Steel Works has put one more blast furnace into operation following the shut down due to the problems with coke delivery. After the Russia-supported terrorists started shelling Avdiivka, the works shut down two of its four blast furnaces. “At present we have 3 blast furnaces operating, and we hope to be…Details
Severstal has announced its financial results for the 2016. According to its press release, Severstal’s revenue decreased by 7.5% YoY, to $5,916 million, primarily reflecting a substantial decline in average steel selling prices at the beginning of 2016, as a result of the net decline in global benchmarks and a marginal decline in sales volumes.…Details
In 2016 the Vysochaishy Group of Companies produced 5.1 tons of gold, down by 10% YoY. The highest results were reached at Golets Vysochaishy and Ykanskoye deposits in Irkutsk region – 4.8 tons of gold. Bolshoy Kuranakh in Yakutia yielded 308 kg of gold. Despite the decrease in output sales increased by 6% YoY, to…Details