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The largest pig iron manufacturer of Russia – Tulachermet – has signed an 8-billion rubles loan agreement with Alfa-bank for 3 years. The money will be spent to refinance the company current debts. “Alfa-bank has offered good conditions, thanks to which we have been able to optimize the structure of our loan portfolio”, the Promyshlenno-metallurgichecskiy…
DetailsPJSC “MMC “Norilsk Nickel” has closed its $500-million Eurobond offering maturing in April 2022 with an annual coupon rate of 3.849%. The proceeds from the issue will be used for general corporate purposes and capital investments. Sergey Malyshev, the company’s Senior Vice-president and Chief Financial Officer, commented: “With this Eurobond placement we achieved our main…
DetailsDTEK Energo intends to increase investments into Pavlogradugol and Dobropolyeugol by 40% YoY, to 4.2 billion UAH. “In Pavlogradugol we will invest 3.2 billion UAH, up by 28% YoY, in Dobropolyeugol – 1 billion UAH, up 2-fold”, the company acting CEO Dmitry Sakharuk noted. “We have already put 10 out of 33 planned long faces…
DetailsIn January-May Ukraine imported $1.036 billion worth of coal, up 2-fold YoY. According to the State Fiscal Service, the major suppliers were Russia (52%), USA (25.5%) and Canada (7%). In particular Russia supplied $538.9 million worth of coal, up from $363.8 million, USA – $264.5 million, up from $83.8 million, and Canada – $72.8 million.…
DetailsThe auction to develop ore gold at Antrop-Upshinskoye deposits in Altai scheduled for June 8 has been declared not taken place, as no participants arrived. The forecast reserves of the deposits are 2 tons of gold. The license for a 25-year development of the site was put on sale at the initial price of 1.5…
DetailsIn January-May Zaporozhogneupor produced 41.356 thousand tons of refractories, up by 2% YoY. In May output increased by 8% YoY, to 8.912 thousand tons. Zaporozhogneupor is the largest manufacturer of refractory products and materials in Ukraine. (Ukrainian metal)
DetailsIn 2017 the mining company Lunen intends to extract 100 thousand tons of iron ore at the Berezovskoye Deposits in Zabaikalsky krai. In 2014-2016 the company mined 270 thousand tons of iron ore. The initial project on the deposits development presupposed the mining of 10 million tons of ore per year and the construction of…
DetailsSince the beginning of 2017 the Trading House MMK LLC has sold over 75 thousand tons of rolled metal in Kazakhstan, up 2-fold YoY. The company has long and successfully been operating on the Kazakhstan market, increasing sales. In May the company sold its record volume of metal – 20 thousand tons. Trading House MMK…
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