Russian aluminum giant UC Rusal is considering selling up to 20% of new shares in London, Bloomberg reported citing two sources familiar with the situation. The company sees good possibilities for the sale of new shares in London after the price of its shares increased and is currently holding talks with several banks, the sources…
DetailsGold mining company Nordgold, controlled by Russian businessman Alexei Mordashov, may acquire global depositary receipts (GDRs) from minority shareholders for $118 million with own funds in the framework of a planned delisting from the London Stock Exchange (LSE), CEO Nikolai Zelensky said. Earlier Nordgold confirmed its LSE delisting plans and said it had offered to…
DetailsTransnet Engineering LTD from the South African Republic is interested in buying steel in Ukraine. “According to the Ukrainian embassy in SAR, the company is looking for suppliers of steel to be used in the manufacture of 3200 containers for the coal transportation”, the Ministry of economic development and trade reported. It should be noted…
DetailsIn 2016 Ukraine exported 37.7 million tons of iron ore raw materials, down by 7.8 million tons YoY. According to the state enterprise Ukrpromvneshexpertisa, the largest drop in exports was to China – by 9.6 million tons. This market is the farthest and the less competitive for Ukrainian suppliers. On the other hand, Serbia and…
DetailsIn January Yenakievo Iron and Steel Works, a part of Metinvest, produced 173 thousand tons of rolled metal, down by 1.1% YoY. Steel output increased by 15.2%, to 189 thousand tons, of pig iron – by 9%, to 173 thousand tons. In December 2016 the company produced 160 thousand tons of rolled metal, 154 thousand…
DetailsNovolipetsk Iron and Steel Works has started testing three dust extraction systems in its sinter shop, which produces 15 million tons of raw materials for pig iron manufacture annually. The project will decrease dust emission by the sintering factory by 3.3% and will enable the company to use the dust in the manufacturing process. Dust…
DetailsChelyabinsk Pipe Plant (ChelPipe) has announces the successful conclusion of book-building for the company’s second issue of exchange-traded bonds (BO series 001P-02) in a total nominal volume of 5 billion rubles, placed under the program. The exchange-traded bonds are structured according to the classical scheme with a 182-day coupon period and bullet repayment at the…
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