Kametstal is repairing a compressor in the compressor-oxygen shop. The main task of the repair is to improve stability, safety and efficiency of the machine, which provides compressed nitrogen for steel and blast furnace manufacture. There are three compressors in the shop, and the machine No. 6 is now being repaired. The capacity of the…Details
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In mid-December 2022, Ukrzaliznytsia concluded an agreement with French Saarstahl Rail to buy rails valued at EUR 37.6 million or 1.45 billion UAH. The company will buy 19 thousand tons of R-65 rails with the length of 25 meters. The price is EUR 1980 per ton or 76,392 UAH per ton on DAP Mostiska station…Details
Metinvest will provide over 10 mobile shelters for Ukrainian defenders. 3 protective constructions were sent to the brigade fighting off constant enemy attacks near Avdiivka. “These mobile dugouts can be used as shelters, providing protection against shelling,” Metinvest COO Alexander Mironenko has said. The shelters are made by various group enterprises. Each structure is 6…Details
In 2022, Zaporozhkoks decreased blast furnace coke output by 11.9% YoY, to 737.4 thousand tons. The decrease in manufacture is due to the shortage of raw materials caused by the Russian invasion. In December 2022, manufacture totaled 70.8 thousand tons, up from 68.1 thousand tons in November 2022 and 66.6 thousand tons in December 2021.…Details
The supervisory board of Kametstal has approved Alexander Tretyakov as the CEO of the company. Previously he was the acting CEO. The decision was taken on January 2. Tretyakov has been appointed until April 2, 2024. The previous CEO Dmitriy Lippa left his office on December 24, 2022. (Ukrainian metal)Details
The Cabinet of Ministers has prohibited the exports of anthracite, but increased the export quota of coking coal. According to the decree No. 1466 dated December 27, 2022, the export of coking coal is allowed in the volume of 600 thousand tons. The decree came into effect on January 1. In September 2022, the Cabinet…Details
CEO of Zaporizhstal Alexander Mironenko has left his office, remaining the operational director of Metinvest. According to the official information, Mironenko resigned on January 1. Mironenko has been Zaporizhstal CEO since November 26, 2019 till January 1, 2023. Roman Slobodyanyuk has been appointed acting CEO of Zaporizhstal. (Ukrainian metal)Details
Since the start of the Russian invasion, the Metinvest Group has channeled over 2.8 billion UAH to strengthen the country defence and support its employees and peaceful Ukrainians, including 1.5 billion UAH for the Army under the Steel Front Initiative of Rinat Akhmetov. “Metinvest makes everything possible to bring Ukraine’s victory closer. Our enterprises, as…Details
In 2022, Tau-Ken Altyn refinery works situated in Astana exceeded its output target by 10%, having produced 55.6 tons of gold with the target being 50 tons. Since its launch the company has refined 249 tons of gold. The company produced gold with the purity of 99.99 in standard 12-kg ingots and granules. (Ukrainian metal)Details
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
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