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Magnitogorsk Iron and Steel Works has announced that board of directors held a meeting on February 10. The board has approved May 26, as the date for the annual general meeting of shareholders (AGM) of the company. The cut-off date for inclusion in the shareholder register for the AGM is May 2, at the close…
DetailsRussian tycoon Mikhail Prokhorov’s Onexim Group is preparing to sell part of a 17.02% stake in aluminum giant UC RUSAL on the market, Bloomberg reported citing sources familiar with the situation. Earlier Bloomberg reported citing sources that RUSAL was considering selling up to 20% of its new shares in London. The company sees good possibilities…
DetailsThe licenses of two gold mining companies in Kyrgyzstan were suspended, the State Committee of Industry, Energy and Subsoil Use reported. The license of «Aksyaltyn Gold» LLC, which produces placer gold in Chon-Alai district of Osh region, and the license of «Andash Mining Company» LLC, mining gold in Talas region, were suspended. Licenses of other…
DetailsMariupol Ilyich Iron and Steel Works decided to decrease output because of the blockade of the railroad to the uncontrolled territories. “The stable transport connection is part and parcel of the functioning of our enterprises. Our raw material stocks are dwindling. We even have to make a decision to decrease output. Without the operation of…
DetailsDarnitsa Car-repairing Plant, a part of Ukrzaliznytsia, has announced 22 tenders to buy wheels valued at 248.14 million UAH. Interpipe is winning at six of them. Two large orders (127.29 million UAH and 50.92 million UAH) were announced separately with the publication in English. Other 20 orders cover 69.93 million UAH. 5 of them have…
DetailsKrasnoarmeyskugol has decided to order personal protection units valued at 2.72 million UAH from Donenergoexport LLC. The previous two tenders have been cancelled due to the lack of participants. The enterprise intends to order 2600 breathing masks and 190 thousand filter elements at unknown price. In January mine named after Surgay ordered the same products…
DetailsInterpipe has supplied 3 thousand railroad wheels to the Saudi Railways Organization. According to the company statement, the total number of the KLW brand wheels to be delivered is 14 thousand units. Interpipe will produce and supply 3 types of wheels for railroad cars and locomotives with 838, 920 and 1046 mm diameter. The company…
DetailsMetinvest mining and metal company in January paid $2.747 million of interest under the eurobonds due in 2016-2018 being restructured. According to a report on the Irish Stock Exchange, the amount is equal to 30% of accrued and unpaid interest under the notes from and including December 31, 2016 up to but excluding January 31,…
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