Magnitogorsk Iron and Steel Works (MMK) has successfully completed the first stage of a large-scale project to implement a unified corporate information system (CIS) based on Oracle R12 for the group’s organizations. The two organizations transferred to MMK’s unified corporate system were United Service Company (which provides a range of maintenance and repair services) and…Details
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Chelyabinsk Iron and Steel Works has started manufacturing a new type of products at its rail and beam mill – uneven angles with the size of 160×100 mm. Such angles are widely used in metal structure construction and manufacture of railroad cars. Uneven angles at ChMK are produced by hot rolling, as such wares have…Details
ArcelorMittal Kriviy Rih has opened its third metal warehouse in Kyiv region from where it plans to sell some 5-6 thousand tons per month. This is the company’s 11th warehouse. Earlier this year additional sales sites have appeared in Odessa and Dnipro. The capacity of the new site is 10 thousand tons of metal. It…Details
Lisichanskugol has ordered Skamex LLC the repair of a conveyer for 42.1 million UAH. This year the company has to repair the SP326-50.11.1 conveyer with the length of 210 meters. The agreement presupposes the advance payment of 70%. The guarantee term of the repaired machinery is 1 year. The price of the repair is 14%…Details
Since August state mine groups have concluded 4 agreements for the processing of coal valued at 5.94 million UAH. Lisichanskugol ordered processing of 30 thousand tons of coal for 110 UAH per ton (3.3 million UAH) to Coal Power Complex Processing Factory LLC. Pervomaiskugol paid 2.24 million UAH to Obogatitel Industrial Company LLC for 22600…Details
In January-June United Mining and Chemical Company increased its net profit by 42.8% YoY, to 234.859 million UAH. Last year net profit totaled 114.887 million UAH, and net sales income – 3.214 billion UAH. The state enterprise started operating in August 2014, when the government transferred the Irshansk Mining and Processing Works and Volnogorsk Mining…Details
Ukraine and USA will discuss tariff and non-tariff barriers in trade, as well as cooperation in digital sphere, on November 1. “The negotiations will take up all day. We will discuss various matters, including additional concessions on tariffs, especially in metal industry”, the Ukraine’s trade representative, deputy minister of economy Taras Kachka declared. On March…Details
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
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