Russian steelmaker Severstal has narrowed the coupon guidance for its 10-15-billion ruble bonds to 8.65-8.75% annually, which corresponded to an 8.84-8.94% annual yield to a 5-year buyback offer, a banking source reported. The initial guidance was set at 8.65-8.85% annually. The issue carries semiannual bonds. Technical placement is preliminarily scheduled for April 9. VTB Capital,…
DetailsRaspadskaya-Koksovaya mine has changed the method of coal extraction. The switch will allow increasing coal output 2.5-fold. The first long face to operate with the new mining method has been prepared. Its length is 225 meters and coal reserves are 886 thousand tons. Monthly output is expected at 150 thousand tons. (Ukrainian metal)
DetailsThe Sixth Administrative Court of Appeals refused to satisfy the claim of the Kiev prosecutors who demanded to cancel the special license given to the Ukrlitiydobycha LLC to extract lithium ore in Kirovograd region. The prosecutors said the license was given in violation of the legislation. The court said, that in 2011 the Ministry of…
DetailsVostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of fuel valued at 105.91 million UAH. In particular, the enterprise ordered 2.730 tons of diesel fuel at 26,397 UAH per ton, 610 tons of A-92 petrol at 27,864 UAH per ton 41 tons of white spirit at 48 UAH per…
DetailsSukhaya Balka intends to borrow $30 million from the state Oschadbank and will also act as a guarantor on the similar loan of Dneprovsky Iron and Steel Works. These issues will be discussed at the annual shareholders meeting scheduled for April 11. The loan will be provided for 36 months with the interest rate of…
DetailsRussia is introducing licensing of aluminum discs imports from April 10 till October 9. The licensing will cover aluminum wheel discs produced in countries outside the Eurasian Economic Union. The development of the decree started in 2017, when the Ministry of Industry and Trade was discussing the issue of licensing aluminum discs imports from China.…
DetailsIn March 113.3 million tons of cargo were transported by railroad, up by 0.5% YoY. In Q1 transportation grew by 0.7%, to 318.7 million tons. In particular, in three months Russian railroad transported 29.3 million tons of iron and manganese ore, up by 7.7%. The transportation of ferrous metals dropped by 1.7%, to 19.4 million…
DetailsMechel-Service has supplied 750 tons of beams for the construction of a winter sports center in Irkutsk. This will be the largest center of its kind in Siberia and the Far East with the capacity of 6 thousand spectators. Investments will exceed 6 billion rubles. The hot-rolled construction beam, supplied by Mechel-Service, was produced at…
DetailsDenisovskaya factory set an absolute record of coal processing on March 27. The factory processed almost 22 thousand tons of coal. The day before, on March 26, another record was set at the factory – Denisovskaya mine extracted 4500 tons of coal. (Ukrainian metal)
DetailsIn 2018 Buryatzoloto, the largest gold-mining company in the Republic of Buryatia, investments totaled 1.74 billion rubles, up by 3% YoY. Most of the funds – 725 million rubles – were spent on development and new technologies of the Irokinda and Kholbinsky mines. 600 million rubles were invested in modernization of the manufacturing capacities and…
DetailsNLMK Group, a global steel company, has begun hot testing of its accelerated cooling system at NLMK DanSteel’s hot-rolling plate mill in Denmark. The new equipment will fundamentally change the company’s product mix and increase the share of niche plate, including for offshore wind power generation and pressure vessels. The new accelerated cooling system is…
DetailsA company belonging to Said Kerimov is placing about 4.67 million shares, or a 3.5% stake in Russian gold producer Polyus, on the secondary market. The offering is proceeding with an accelerated book building. VTB Capital, Gazprombank, Goldman Sachs, J.P. Morgan and Sberbank CIB act as the organizers. (Prime/Ukrainian metal)
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