Ukraine: KVV Group co-owner arrested

A Kiev court has arrested the co-owner of a major scrap procurement and processing complex KVV Group Yevgeny Kazmin on the request from the State Security Service. Kazmin is suspected in financing activities connected with the changing of the country borders and the state border of Ukraine. Kazmin oversees construction of housing in the Russia-annexed…

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Russia: Norilsk Nickel receives Sberbank loan first tranche for Bystrinsky GOK

Norilsk Nickel announces that upon completing all preceding loan granting conditions, on May 12, Bystrinskoye LLC received the first tranche as part of the credit line for the implementation of Bystrinsky Mining and Processing Works construction project in Trans-Baikal region. On May 5, Bystrinskoye LLC and Sberbank of Russia signed a loan agreement, whereby the…

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Ukraine: Turkey interested in Lvivugol

Turkish investors plan to modernize Lvivugol mines and buy coal. According to the Lviv regional state administration, managers of Lvivugol met the Turkish delegation and discussed financing of mine modernization. The Ministry of energy and coal industry has postponed the privatization of coalmines for indefinite time due to the large debts. (Ukrainian metal)

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