Magnitogorsk Iron and Steel Works (“MMK”), one of the largest steel suppliers in Russia rated Baa2 (Moody’s) / BBB (Fitch) / BBB- (S&P), returned to the international market after more than 15 years with a successful placement of 5-year $500-million Eurobonds with an annual coupon rate of 4.375% payable semi-annually. The proceeds of the issue…Details
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NLMK Group, a global steel company, and venture capital firm Fort Ross Ventures, a partner of Sberbank, have penned an agreement to cooperate to support innovations. Under the agreement, Fort Ross Ventures will provide NLMK Group with information on projects related to the Internet of Things, artificial intelligence technologies, cyber-security, cloud technologies, etc., that will…Details
During the visit to the PJSC “Mariupol Ilyich Iron and Steel Works”, President of Ukraine Volodymyr Zelensky took part in the ceremony of signing the investment contract between Metinvest Holding and Air Liquide on the construction of the air-distributing complex. The ceremony was attended by Ambassador Extraordinary and Plenipotentiary of France to Ukraine Isabelle Dumont,…Details
Members of the Committee on Agrarian Policy, Water Resources, Ecology and Regional Development of the Parliament of Kyrgyzstan adopted in first reading a bill banning uranium mining in Kyrgyzstan. The document was initiated by Altynbek Sulaimanov, Almambet Shykmamatov, Kanat Kerezbekov, Myktybek Abdyldaev, Baktybek Turusbekov, Dastan Bekeshev and Altynbek Zhunus uulu. “Over the years of development…Details
A miner was killed in an internal collapse of the rock at the Tsentralna coalmine of the state-owned enterprise Toretskvuhillia located near the town of Toretsk in Donetsk region, according to the State Emergency Service of Ukraine. “There were two miners on the emergency site, one miner escaped on his own. On June 15 at…Details
A large copper ores quarry will be created near the Salavat-sovkhoz settlement in Bashkortostan. Aleksandrinskaya Mining Company has won a right to develop the deposit for 59.6 million rubles. The local environmentalists have asked the authorities to ban the development, as there is a Yakty-kul resort nearby. But the authorities claim that the company will…Details
In 5 years the growth of aluminum and aluminum products manufacture at Rusal could reach 5.26% compared with the current level. “We have a stable output of some 3.8 million tons of aluminum per year. Taking into account pure aluminum, we expect a growth in manufacture. Perhaps by 2023 it will be around 4 million…Details
The state enterprise Mirnogradugol has concluded an agreement with the Mirnogradskaya central processing factory for coal processing valued at 85.55 million UAH. This year 590 thousand tons of coal from the Centralnaya, 5/6 and Kapitalnaya mines will be processed for 145 UAH per ton. Three previous auctions have been cancelled due to the lack of…Details
The state enterprise Mine named after Surgay has ordered Sany Ukraine LLC the delivery of a conveyer valued at 79.99 million UAH. This year the company will have to supply an SGZ 764/400 conveyer manufactured by Sany Heavy Equipment Co Ltd. The contract price is 9% below the expected cost (87.55 million UAH). (Ukrainian metal)Details
On June 12, 2 miners perished at the Pokrovskoye Mine Group. As a result of an accident a miner of the breakage face died. The same day an engineer of underground machinery received fatal damages. Last year Metinvest bought 24.99% of the Pokrovskoye shares for $190 million from Victor Nusenkis. (Ukrainian metal)Details
In early June the Yerunakovskaya-VIII miners extracted the 1-millionth ton of coal from the same breakage face. The milestone has been reached in 4 months. The 1-millionth ton of coal was mined at the 48-06 long face that had been in development since last spring. The coal is mined at the depth of 500 meters.…Details
ChTPZ group intends to increase sales on foreign markets by participating in international projects. In 2019 the group will have high loading in the large diameter pipes segment. In particular, orders have been received to supply 130 thousand tons of large diameter pipes to Kazakhstan for the construction of the Saryarka gas pipeline. The group…Details
Russian Deputy Prime Minister Dmitry Kozak has ordered preparation of two government orders limiting exports of scrap ferrous and non-ferrous metals from January 1, 2020. Exports must be carried out only via the commodities markets. A draft order will be prepared by the Industry and Trade, Economic Development and Finance ministries until September 1. The…Details