Interpipe has finished restructuring its debt with partial writing off, including eurobonds for $200 million with the rate of 10.25% and maturity in 2017. Thus, the company indebtedness decreased to $309.19 million with the rate of 10.25% and maturity in 2024 and the loan of $45.81 million with maturity at the end of 2020. The…Details
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Rusal has received a syndicated pre-export financing loan of $1.085 billion for 5 years. The initial amount of the loan was $750 million. The funds will be used to partially refinance the current PXF loan for $2 billion, received in May 2017. (Ukrainian metal)Details
In January-September Mednogorsk Copper-Sulfur Plant increased raw copper output by 6.9% from the target. Potassium zinc sulfate manufacture grew by 97% from the target, to 392 tons. The investment of 37 million rubles in two filter presses allowed increasing the output. (Ukrainian metal)Details
Polymetal is planning to invest $20 million in the Tomtor deposit development in Yakutia. With such financing the company intends to own a share of at least 10% in the project. The investments will be estimated at a board of directors meeting in December. Tomtor reserves amount to 154 million tons of ore with high…Details
Last week the price of one ounce of gold increased by slightly over 22.7 manats ($13.4) or by 0.9%. Accordingly, the average price of one ounce of gold stood at 2,536 manats ($1,491). The price of one ounce of silver grew by over 4.9 manats ($2.9) or by 1.7%, to 29.9 manats (about $17.6). The…Details
The state enterprise Vostochniy Mining and Processing Works has concluded a framework agreement with 4 companies on the delivery of fuel oil until the end of the year. Expo-Trading LLC, Technohimresurs LLC, Eco-Service Trading house LLC and Sunrise Logistics LLC have applied for the participation in the tender to supply 500 tons of M-100 fuel…Details
In January-September Kimkano-Sutarsky Mining and Processing Works LLC produced 1.881 million tons of iron ore concentrate, up by 10.5% YoY. Because of unfavorable weather conditions the company had to decrease ore output by 21%, to 1.847 million tons. In Q3 concentrate manufacture dropped by 11.9%, to 618 thousand tons. 1.841 million tons of concentrate were…Details
In January-September MMK – Lysva Iron and Steel Works manufactured 201 thousand tons of metal products, up by 7 thousand tons YoY. Galvanized rolled metal manufacture increased more than 6-fold, to 26 thousand tons. At the same time the output of galvanized metal with polymer coating decreased by 12%. (Ukrainian metal)Details
On October 26 Cherepovets Iron and Steel Works celebrated 5 years of the first electric steel manufacture. Since then over 46.7 million tons of metal have been produced. The maximum annual output of 2.047 million tons was achieved in 2007. Now the works can produce 70 grades of electric steel. The first electric steel was…Details
Kazakhstan will be able to transport 140 thousand tons of coal per month through the territory of Russia to Ukraine, the Ministry of Trade and Integration has reported. The decision by Russia was the result of lengthy negotiations. Earlier Russia allowed transporting 120 thousand tons of coal per month to Ukraine. (Ukrainian metal)Details
Employees of Ingulets Mining and Processing Works have landscaped over 2 ha on the territory of the dump No. 3, having planted 200 lindens. This was another step of the dump revitalization. Some 2 weeks earlier 230 acacias and ailanthuses have been planted. This year two more events will be held. This will speed up…Details
ArcelorMittal Kriviy Rih has finished the reconstruction of its sintering machine No. 4. A FLSmidth electric filter has been installed at the machine. With the new filter dust emission will not exceed 50 mg per 1 cubic meter. The reconstruction of the sintering machine No. 1 has started. It will be shut down in November.…Details
According to Worldsteel, in January-September global steel output amounted to 1.391 billion tons, up by 3.85% YoY. China traditionally produced the most steel – 747.82 million tons, up by 8.36%. China’s share in the global output was 53.8%. Ukraine still retains its 13th place among 62 manufacturers – 16.4 million tons, up by 4.02%. (Ukrainian…Details