Multi-industry holding Renova Group of businessman Viktor Vekselberg will endeavor to obtain control over Petropavlovsk Plc, which operates gold deposits in Russia and in which Renova holds a 22.34% share stake and a 6.88% convertible bond stake. Renova and friendly funds Sothic Capital Management and M&G Debt Opportunities, part of Prudential, jointly holding about 40%…Details
Pipe Metallurgical Company has placed BO-07 bonds valued at 10 billion rubles (10 million shares at 1 thousand rubles each).
The interest rate is 9.35%.
The circulation period is 10 years, with a 4-year option.
The organizers were ATON, Alfa-Bank, BCS Global Markets, VTB Capital, Sovcombank and UniCredit Bank. (Ukrainian metal)
The governor of Magadan region Vladimir Pecheny suggests creating an exchange on nugget trade in the region. “We want to create a nugget exchange in Magadan, like the diamond exchange in Yakutia”, he said during the Petersburg Economic Forum. The region is the leader in alluvial gold extraction in Russia, having obtained 16 tons last…Details
In a month the repair of the rotary-kiln No. 3 at Electrozinc, a part of UMCC, will be complete. The kiln with the capacity of 4 tons of charge has been shut down earlier this year. The capital repair of the rotary-kiln is one of the most complex overhauls. Total investments in the repair reached…Details
Ural Steel, a part of Metalloinvest, has successfully passed the audit by DNV GL and received the certificate of correspondence of its steel to DNV GL (vessels) classification. The owner of such a certificate can supply products according to DNV GL, DNV and GL. “We’ve long been holding certificates for our sheets, and we have…Details
Shareholders of Evraz Dneprovsky Iron and Steel Works and Evraz Sukhaya Balka will hold meetings to discuss the companies deals. The meeting will take place on June 22. The companies will discuss the amendments to the contract to cancel agreements with ESB dated April 26, on financial support of 2.97 billion UAH and 250 million…Details
According to Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, following the successful debt restructuring completed in March, one of its subsidiaries has secured a new financing facility as part of an equipment leasing agreement. Ingulets GOK, one of the group’s key iron ore producers, has agreed to…Details
Metal products exports with the duty of 30 euro per ton bring to the state budget 5 times more than the scrap export of the same volume. “According to our calculations, 1 ton of scrap, processed into metal at the duty of 10 euro, gave 10 times more to the budget than 1 ton of…Details
Dneprospetsstal has closed its office in Moscow. The decision has been taken by the company supervisory board.
“The office will be closed due to the economical inexpediency of its further operation”, the company said.
The office was a representative and the protector of DSS trade interests in Russia. (Ukrainian metal)
Enterprises of the mining and metallurgical complex bring 30% of Ukraine’s gross domestic product, Prime Minister Vladimir Groysman declared. “If $1 billion is invested into the sphere in the next couple of years, it will become more competitive, more systematic, creating Ukrainian product. The complex in the structure of our GDP is 30%. This is…Details
The NLMK Group Annual General Meeting was held in Lipetsk on June 2. NLMK shareholders approved the payment of dividends for FY 2016 in the amount of 9.22 rubles per ordinary share. Taking into account the interim dividends paid for January-September 2016 in the amount of 5.84 rubles per ordinary share, the amount outstanding to…Details
Energomashspetsstal has signed a contract to produce and delivery machinery for Bharat Heavy Electrical Limited.
According to the agreement, EMSS will produce 3 turbine generator rotors of low pressure.
The total weight of the machinery is 197.7 tons.
The delivery to the Indian city of Haridwar is scheduled for Q4 2017. (Ukrainian metal)
On June 7 the Russian union of metal suppliers together with the Association of steel construction development will hold a round table “Development of cooperation of metal structures manufacturers and metal suppliers” within the II international specialized exhibition Metal Structures’2017. In the course of the event its participants will discuss the cooperation in delivery of…Details
Shareholders of NLMK Group at its Annual General Meeting on June 2 voted to confirm Oleg Bagrin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, which includes five independent directors. Nine members of the Board of Directors were elected, including five independent directors: Vladimir Lisin, Oleg Bagrin,…Details
Rusal is negotiating attraction of $700-800 with Russian state banks for the construction of the Tayshet Aluminum Works and intends to sign agreement this year. “We have offers from banks on TAZ project financing. We’re negotiating terms. We will need some $700-800 million, depending on the exchange rate, to put the first stage with capacity…Details
Within the framework of the St Petersburg International Economic Forum (SPIEF 2017), Natalya Zhdanova, the governor of the Trans-Baikal territory, and Elena Bezdenezhnykh, Vice-President, State Secretary, Head of GR of Nornickel, signed a social and economic cooperation agreement. Under the agreement, the government of the region will support Nornickel’s investment projects, particularly the company’s key…Details
The newly elected Board of Directors of NLMK Group held its first meeting following the Annual General Shareholders’ Meeting. Vladimir Lisin was re-elected as Chairman of the Board. The Board of Directors approved a schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the Board Committees. Strategic…Details
Prime Minister of Ukraine Volodymyr Groisman visited Azovstal Iron and Steel Works on June 1. During his visit, the head of the government had a look at blast furnace No. 4, the most innovative and environmentally friendly smelting facility in Ukraine. Enver Tskitishvili, Azovstal CEO, and Yuri Zinchenko, Mariupol Ilyich Iron and Steel Works CEO,…Details
The department of the State Architecture-Construction Inspection in Donetsk region has checked the object of the fifth difficulty category: “The construction of the first stage of the pulverized coal fuel preparation and injection complex for Azovstal blast furnaces”. The inspectors have checked the finished construction of the object on 1 Leporsky Street in Mariupol, as…Details
The company CEO Enver Tskitishvili noted, that in June the salary across the group increased by 20% on average. (Ukrainian metal)
In May railroad transportation increased by 3.5% YoY, to 106.5 million tons. According to the Russian Railroads, in January-May throughput increased by 3.8% YoY, to 516.9 million tons. Coke transportation in 5 months increased by 1.3%, to 4.7 million tons, ferrous scrap – by 7.4%, to 5.6 million tons. At the same time ferrous metals…Details