Ukraine: Zaporizhstal negotiating converter shop construction

Zaporizhstal is negotiating a $1.3 billion loan for construction of the converter shop. “We are actively discussing this with banks and financial institutions. But it’s difficult to get investments under current circumstances in Ukraine, although the situation has normalized compared with last year”, the company CEO Rostislav Shurma said. According to him, the negotiations are…

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Azerbaijan: AAM gold output forecast down

Anglo Asian Mining has decreased its forecast for gold output in 2016 after the gold quality at Gadir mine dropped. This year the gold output target has been decreased to 67-69 thousand ounces from 69-71 thousand ounces. The company also reported that the Gedabek project had been connected to the National power system of Azerbaijan,…

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Russia: MMSK to increase copper output

Mednogorsk Copper-Sulfur Works, a part of UGMK, has put a new oxygen station into operation with the capacity of 5.366 thousand cubic meters per hour. The current shop of technological oxygen was constructed in 1986. The new station will allow the company to increase copper output. The construction of the first stage will determine further…

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Russia: Norilsk Nickel to finance training programs for personnel and volunteers of 2019 Winter Universiade

Norilsk Nickel and the Directorate of the 2019 Winter Universiade signed an agreement to finance training for personnel and volunteers of the upcoming event organized for university athletes. Support for high-level sports, along with student and youth sports in Russia, is an important element of the social policy of Norilsk Nickel. Under the agreement, jointly…

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Russia: NLMK Group launches one of the largest pelletizing facilities in Europe

NLMK Group, an international steel producer with assets in Russia, Europe and the USA, has successfully launched pelletizing plant at Stoilensky, the key investment project of its ‘Strategy 2017’. The pelletizing plant opening ceremony was attended by the Russian Prime Minister Dmitry Medvedev, the governor of Belgorod region Evgeniy Savchenko, the governor of Lipetsk region…

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