Kyrgyzstan: Centerra Gold calls announcement on acquisition of Kumtor “market speculation”

Centerra Gold Inc. called the news release issued by Chaarat Gold Holdings Limited on acquisition of Kumtor mine “market speculation”. Official comment of the company says. In March Centerra received an unsolicited, non-binding proposal from Chaarat concerning Kumtor mine located in the Kyrgyz Republic. Centerra promptly communicated to Chaarat’s advisers that it had no interest…

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Russia: Evraz Ukraine head transferred to Ural

Denis Novozhenov, who headed Evraz Ukraine, was appointed the director of the Ural division. “The division unites Nizhniy Tagil Iron and Steel Works and Kachkanarsky Mining and Processing Works. Novozhenov will continue developing Evraz assets in Sverdlovsk region according to the group strategy”, the company said. Novozhenov has been working at Evraz since 1996. This…

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Russia: Amurmetal to turn into Amurstal

D-Steel (Italy) specialists have started working at the only steel works in the Far East – Amurmetal. According to the plant CEO Sergey Kuznetsov, soon the company will double rolled metal output and improve rebars characteristics. “The reconstruction of the bar-rolling shop will be carried out in several stages. The first stage will increase furnace…

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Russia: ZEMZ masters manufacture of stainless chrome-nickel alloy slabs

The rolling shop No. 1 of the Zlatoust Electrometallurgical Works has mastered the manufacture of stainless chrome-nickel alloy EI-878 slabs. The slabs with the size of 150×500 mm were produced at the 1150-mill of the ingot with the diameter of 630 mm. Previously the works manufactured only forgings of this alloy. The metal has successfully…

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Ukraine: Metinvest successfully completes largest ever refinancing by Ukrainian corporate

Metinvest, the vertically integrated steel and mining group of companies, has announced the completion of the refinancing of its $2.271-million debt, consisting of the issuance of two tranches of bonds and the amendment and restatement of its pre-export finance (PXF) facility. As a result, Metinvest issued $1.592 million in new bonds and secured $765 million…

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Ukraine: Antimonopoly Committee prohibits Metinvest from buying Dneprodzerzhinsk Coke

Metinvest intends soon to eliminate all the claims from the Antimonopoly Committee of Ukraine to purchase Dneprodzerzhinsk By-Product Coke Plant. “We’re preparing an offer to the Committee, which will satisfy them and allow us getting the green light to buy the plant”, Metinvest CEO Yuri Ryzhenkov said. The official refuse was received in March. “There…

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