Azerbaijan: AzerGold to finish above ground development of Chovdar in 2020

In 2020 AzerGold plans to finish the above ground (oxide) development of its Chovdar deposits.

After that, in 2021, the underground development stage will begin.

Soon the company will also start drilling at the Ortakend site of the Goydag-Alindzha ore field. (Ukrainian metal)

Russia: TMK to produce new pipes for Gazprom

Saint Petersburg hosted a meeting of the Gazprom chairman Alexei Miller and TMK chairman Dmitry Pumpyansky. They discussed current issues and the prospects of cooperation development. In particular, creation of new products for Gazprom. In December 2014 Gazprom and the major Russian pipe producers signed cooperation agreements for 2015-2020. In October 2016 they were reviewed…

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Russia: Norilsk Nickel signs $2.5 billion syndicated facility agreement with international banks

PJSC MMC Norilsk Nickel announces the signing of a 5-year $2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be…

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Ukraine: 4 coal enterprises get loan guarantees

The Cabinet of Ministers has provided the state enterprises Pervomayskugol, Selidovugol, Toretskugol and the Mine named after Surgay with state guarantees on loans for investment projects. The state guarantee is given to cover the main sum, interest and commissions. The payment for the state guarantee is 0.001% of the volume unpaid. Pervomayskugol borrows 276.21 million…

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Ukraine: AMKR finishes construction of the first stage of Centralnoye tailings pond

ArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…

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Russia: AEM-Tekhnologii to supply machinery for Severstal sheet-rolling shop

AEM-Tekhnologii has produced for Severstal a cylinder to modernize the accumulator station of the water decaling unit at the 2000 rolling mill.

In 2015 the company supplied 2 similar cylinders to Cherepovets.

The volume of the cylinder is 9.25 cubic meters. It has successfully passed the tests. (Ukrainian metal)