Ukraine: Ferrexpo invests 1.5 billion UAH in GOKs

In January-September Ferrexpo invested over 1.47 billion UAH ($55.3 million) in its Ukrainian assets. In particular, Poltava Mining and Processing Works received over 1075.2 million UAH ($40.4 million), and Yeristovo Mining and Processing Works – 390 million UAH ($14.9 million). PGOK spent this money on deposits development, strategic projects, spare parts, etc. EGOK used the…

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Russia: Severstal finishes repairs at Kolpino sites

Severstal has finished the scheduled capital repairs for 2017 at its two Kolpino city enterprises: Izhorsky Pipe Works and Cherepovets Iron and Steel Works (sheet-rolling shop).

The modernization has been designed by the Severstal Russian Steel enterprise – VNIIMETMASH.

The repairs will improve the technical characteristics of machinery and its wear resistance. (Ukrainian metal)

Russia: VTZ completes modernization of hot-rolling sites at PRS No. 3

Volzhsky Pipe Works has finished the scheduled modernization of the main sites at the pipe-rolling shop No. 3, which produces hot-deformed seamless pipes for oil and gas industry. In particular, the sites of the pipe hot-rolling and casing pipes treatment have been modernized. The works have considerably improved the operating characteristics of the shop machinery.…

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Ukraine: Metinvest repays $46.6 million of interest and $10.1 million of principal on eurobonds

Metinvest, a mining and metallurgical group, has repaid $56.7 million on new eurobonds with maturity on December 31, 2021, the group said on the website of the Irish Stock Exchange. According to the report, this amount consists of $26.445 million interest income for the period from August 18 to November 18, $20.138 million of the…

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Ukraine: EMSS to supply 500 tons of rolls to Mariupol Ilyich

Energomashspetsstal will supply rolls to Mariupol Ilyich Iron and Steel Works.

The agreement was concluded in October.

According to the contract, EMSS will produce 22 supporting rolls with the total weight of 499 tons. The rolls will be used in the cold- and hot-rolling mills.

The delivery is scheduled for Q1-2 2018. (Ukrainian metal)

Russia: RCC takes part in Raw Materials Dialogue

The Russian Copper Company presented its Smart Copper corporate production standard at the 1st Russian-UK Raw Materials Dialogue Trust and Cooperation – the Major Elements of Sustainable Development in St Petersburg. Natalia Gonchar, RCC’s Director for EHS, discussed RCC’s principles of efficient use of natural resources, energy saving and minimum environmental impact. These principles are…

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Ukraine: Evraz gives 97.7% in Evraz DMZ to Drampisco

Evraz has transferred 97.7% of shares in Evraz Dneprosvky Iron and Steel Works, previously possessed by Palmrose B.V., to Drampisco (Cyprus).

The change in the ownership took place on November 17.

Drampisco and Palmrose B.V. are Evraz’s daughter companies.

In 2016 Evraz DMZ decreased losses 3.4-fold YoY, to 322.753 million UAH. (Ukrainian metal)