The department of subsoil use of the Far Eastern Federal District has deregistered the license issued to the Priargunskoye Manufacturing Mining and Chemical Enterprise, a part of ARMZ, on prospecting and extraction of manganese at the Gromovskoye deposit in Zabaikalye region. The license was deregistered on January 31 due to its expiration. The license was…Details
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Svetloye, developing a deposit of the same name in Khabarovsk region, in Q4 2019 increased gold output by 14% YoY, to 824 kg. In the entire year the company yielded 4.15 tons of gold. The growth in the output is due to the system of winter watering of ore piles. The company starts watering ore…Details
In 2019 Khabarovsk region set a new historical record of gold output. Thus, last year the region yielded 25.2 tons of gold, up by 1.7% YoY. Last year the mining industry of the region paid 6.8 billion rubles of taxes, up by 13%. (Ukrainian metal)Details
The smelting shop of Kirov Non-Ferrous Metals Processing Works has started modernizing the casting machine of the ILK-1.6 furnace No. 4. The process will be finished until the end of the year. Investments total 8.4 million rubles. The smelting machine will receive a casting machine to produce bulk ingots with the rectangular shape of 300…Details
Evraz ZSMK has produced over 950 tons of rolled metal for construction of the Kuzbass sports palace in Kemerovo. The metal was delivered by Evraz Metal Inprom Kemerovo subsidiary. The sports building will be built entirely of Evraz metal. Evraz NTMK flanged beams will also be used in the construction. (Ukrainian metal)Details
Oskol Electrometallurgical Works has assembled abrasion cutting machine in the rolling shop No. 2. The new machine has been assembled at the first cutting line of the rolling mill-350. The first batch of products has already been shipped to the customer. The assembly of the machine supplied by Braun Maschinenfabrik GmbH (Austria) started in November…Details
Metalloinvest has announces the pricing of its BO-04 series bonds for a total amount of 10 billion rubles through a public offering. During the book building, investors placed 38 orders that resulted in the issue being oversubscribed more than 3-fold. Following the book building, the coupon rate has been set at 6.55% with an initial…Details
Yuliya Chermazovich has been appointed a Director of HR Department of ArcelorMittal Kriviy Rih. In this position, she directly reports to CEO of the company. Responsible for the implementation of HR strategy, she takes care of keeping and motivation, training and development of employees, engagement of employees of key specialties in difficult market conditions, promoting…Details
Russian oil and gas pipe producer TMK will place $500 million of 7-year dollar-denominated Eurobonds at a yield of 4.3%, a financial source reported. Demand for the Eurobonds exceeds $1.6 billion, the source said earlier. The initial yield guidance stood at 4.75% and was lowered to 4.3-4.35% during bookbuilding. On January 31 – February 4,…Details
In 2020 Vorkutaugol investments will amount to 6.7 billion rubles, up by 20% YoY. Some 2.8 billion rubles will be spent to modernize the fleet of mining and coal-processing machinery. Preparation of rock excavation will receive 1.3 billion rubles. Projects in the sphere of industrial safety will see over 640 million rubles of investments. IT-projects…Details
In February two 240-ton BelAZ dump trucks will start operating at the Stoilensky Mining and Processing Works quarry. The new machines have been purchased under a program to increase ore mining and processing to 43 million tons per year. They will be able to do the amount of work of three 136-ron trucks. Average daily…Details
Poland’s state companies will no longer buy coal in Russia, State Asset Minister Jacek Sasin declared on February 6. “I can say that I have completed negotiations with the executives of state companies on the issue and they will no longer import coal. I can say that this is not only about Russian coal. It…Details
The Eurasian Economic Committee has decided to extend the 26% antidumping duty on Ukrainian steel rolls for metal-rolling mills till February 28, 2022. The protection measures are aimed at the imports of Novokramatorsk Machine-Building Works products. This is the fourth time the duty has been extended. It was initially introduced in December 2011. (Ukrainian metal)Details