Russia: TMK SPO bid book oversubscribed

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,…

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Ukraine: Mariupol Ilyich invests 1.6 billion UAH into modernization

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…

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Belarus: investors to be involved in platinum exploration and development

Belarus has plans to sign a concession agreement for the development of a precious metals deposit which contains platinum group metals among others, Sergei Mamchik, the director of the geology department at the Ministry of Natural Resources and Environment Protection, said. The specialist explained that one of the deposits discovered in Belarus contained precious metals,…

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Ukraine: Avdiivka Coke to restore production levels in 3-4 days after electricity supply repairs

Avdiivka Coke and Chemical Works will restore levels of production in three to four days after electricity transmission lines to the town of Avdiivka are repaired, the company CEO Musa Mahomedov said. “How quickly will we be able to restore production? Usually this takes 3-4 days following a shut-down,” he said. Mahomedov said currently two…

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Russia: TMK to hold SPO roadshow

Russian oil and gas pipe producer TMK will hold a roadshow for its secondary public offering (SPO) in England and the U.S on February 1-2, and will guide investors for a pre-market placement price of 74.5 rubles per paper, a banking source reported. The bookbildung will be finished on February 2, the source said. On…

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Russia: BAZ increases alumina capacities

Bogoslovsky Aluminum Works, a part of Rusal, has put the decomposing battery No. 1 into operation. The volume of the battery is 2.2 thousand cubic meters; the construction lasted for 1.5 years. Investments into the project totaled 147 million rubles. The new machine will process aluminum solution and increase alumina manufacture by 87 thousand tons…

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Russia: Izhstal output up in 2016

In 2016 Izhstal, a part of Mechel, increased output by 50% YoY. Output volume totaled 378 thousand tons; sales volume reached 375 thousand tons. Steel manufacture increased by 32% YoY, to 261 thousand tons; that of rolled metal – by 33%, to 343 thousand tons. The highest growth was achieved in stainless and alloyed steel…

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