The general manager of Ukrainian Mining and Metallurgical Company Dmitriy Golikov has announced his intention to buy almost 100% of the company. In particular, he intends to purchase more than 22 million ordinary shares, or 99.999986% of the total amount. Golikov says he is acting on his own. (Ukrainian metal)Details
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Due to the ban on uranium mining, a lawsuit was filed against Kyrgyzstan to international arbitration, the Ministry of Justice reported. The process of appointing the composition of the arbitration tribunal by the parties in the framework of arbitration proceedings with International Mining Company Invest Inc. is being completed at the International Center for Settlement of Investment Disputes in Washington (USA). A petition to initiate arbitration proceedings was registered in September. The company’s…Details
Following the second stage of a trade, Metinvest will buy back eurobonds with the maturity date of April 23, 2023 valued at $0.5 million at the 77% of their nominal price. Taking into account the first stage, when the price was 80%, the overall nominal price of the eurobonds to be bought would be $23.625…Details
SCM Group companies do their utmost to make Russia pay for its invasion and destroyed infrastructure. “I have never spent so much time on legal issues as now. All our system is working to make Russia pay in full for the war, destroyed plants and infrastructure,” SCM owner Rinat Akhmetov has said. According to him,…Details
All Rinat Akhmetov’s enterprises are working for Ukraine’s victory. “Our main goal is victory. What are we doing to reach it? We have already provided the Armed Forces of Ukraine, our cities and the whole country with 4.1 billion UAH. Our businesses are working. We pay salary and retain jobs. Our enterprises work even not…Details
Converter shop of Kametstal has resumed operation after a forced shutdown due to the limitation of electricity supply following Russian terrorist attacks on Ukrainian energy infrastructure. The operation of converter No. 2 and continuous-casting machine No. 3 has been resumed. Machines of the oxygen-compressor shop also operate providing the steel smelting process with the necessary…Details
The Antimonopoly Committee has fined Ukrstalsnab LLC and Ukrainian Pipe Works LLC for 103 million UAH for collision while participating in public purchases. The purchases of pipes were announced, among others, by various heating enterprises, as well as Avdiivka town council and Sumyhimprom. Ukrstalsnab must pay a fine of 94.89 million UAH and Ukrainian Pipe…Details
In 2022, Metinvest enterprises started manufacturing 24 new product types, including with Zaporizhstal joint venture, which started making 8 products. In particular, in the bars segment the enterprises started producing 8 items, in hot-rolled coils and sheets 6 and in steel semi-finished products also 6. Cold-rolled metal and plates added 2 items each. Kametstal and…Details
In October, Kazakhstan exported slightly over 2 million tons of coal valued at $54.9 million. In September, the results were almost 3 million tons for $99.6 million. European countries accounted for the drop. Thus, deliveries to Poland decreased from 173.9 thousand tons ($15.1 million) to 140.9 thousand tons ($13.3 million), to Romania – from 34.3…Details
For New Year, Metinvest decided to provide its mobilized employees with necessary things for the winter. The company spent almost 12 million UAH on the project. Each mobilized employee received a set of warm clothes: thermal underwear, socks, balaclavas, gloves and insoles, all packed in a rucksack. “Now over 7 thousand Metinvest employees as part…Details
Metinvest Mining and Processing Works and Kriviy Rih Repair and Mechanical Plant are working on another batch of field stoves of various modifications for the defenders of Ukraine. Since the start of the full-scale invasion, the Metinvest enterprises in Kriviy Rih have been holding a clear position of helping the Armed Forces of Ukraine and…Details
At present, ArcelorMittal Kriviy Rih is operating with the capacity of 20%. Metal output dropped by 20%. “The life continues testing us. There is war not only on the field of battle. Every day, every hour the enemy tries to destroy peaceful cities and towns all over Ukraine, deprive people of heating, light and normal…Details
Kametstal is repairing its continuous-casting machines on its own. The machines are being prepared for commission. The specialists have disassembled old hydro-cylinders and installed new ones. In the converter shop, the company is finishing the capital repair of the foundry crane No. 13. (Ukrainian metal)Details