Russia: Izhstal gets export loan from Roseximbank

Roseximbank has opened a loan of 3.35 billion rubles for 2.5 years.

The financing is carried out under the state program of supporting exports of highly technological products.

Izhstal will spend the money to buy raw materials to manufacture products for exports to Europe and Kazakhstan through Mechel sales network. (Ukrainian metal)

Russia: Indian company wins auction to produce coal in Kamchatka region

FINR, a subsidiary of Indian Tata Power, has won an auction for a 25-year license for the Krutogorovsky coalfield in Russia’s easternmost Kamchatka region with a 264.8 million-ruble bid, the regional government said on December 22.

The field’s reserves are estimated at 300 million tons of coal. (Prime/Ukrainian metal)

Ukraine: Luhansk terrorists appoint provisional administration at AMK

On December 19 the terrorist organization of the Luhansk People’s Republic, created and supported by Russia, decided to appoint provisional administration at the Alchevsk Iron and Steel Works. “The decision has been taken due to the transport, power and economic blockade. The AMK idleness results in the negative influence on the machinery, the destruction of…

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