Dneprovsky 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…Details
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Metalloinvest 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…Details
On 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.…Details
Novotroitsk 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…Details
In 2016 Almalyk Mining and Processing Works manufactured an industrial machine to produce coal briquettes. The further works is underway. In January the works produced and assembled 5 new machines. By May the company plans to have produced 61 units.Details
In January coalmining companies of the Siberian Coal and Power Company in Zabaikalsky Krai increased deliveries of coal by 11.6% YoY. The increase was the result of the grown demand from power companies, and miners even had to work during New Year holidays. In 2016 SUEK mined 4.4 million tons of coal, up by 208.8…Details
Almalyk Mining and Processing Works started manufacturing new product – copper wire. The output at the shop will reach 5 thousand tons of copper wire per year with the diameter of 1-4.5 mm. Raw materials – copper wire rod – will be supplied by Uzkabel. The project allowed creating 23 new jobs. (Ukrainian metal)Details
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
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