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Svetloye, developing a deposit of the same name in Khabarovsk region, in Q4 2019 increased gold output by 14% YoY, to 824 kg. In the entire year the company yielded 4.15 tons of gold. The growth in the output is due to the system of winter watering of ore piles. The company starts watering ore…
DetailsIn 2019 Khabarovsk region set a new historical record of gold output. Thus, last year the region yielded 25.2 tons of gold, up by 1.7% YoY. Last year the mining industry of the region paid 6.8 billion rubles of taxes, up by 13%. (Ukrainian metal)
DetailsThe smelting shop of Kirov Non-Ferrous Metals Processing Works has started modernizing the casting machine of the ILK-1.6 furnace No. 4. The process will be finished until the end of the year. Investments total 8.4 million rubles. The smelting machine will receive a casting machine to produce bulk ingots with the rectangular shape of 300…
DetailsEvraz ZSMK has produced over 950 tons of rolled metal for construction of the Kuzbass sports palace in Kemerovo. The metal was delivered by Evraz Metal Inprom Kemerovo subsidiary. The sports building will be built entirely of Evraz metal. Evraz NTMK flanged beams will also be used in the construction. (Ukrainian metal)
DetailsOskol Electrometallurgical Works has assembled abrasion cutting machine in the rolling shop No. 2. The new machine has been assembled at the first cutting line of the rolling mill-350. The first batch of products has already been shipped to the customer. The assembly of the machine supplied by Braun Maschinenfabrik GmbH (Austria) started in November…
DetailsMetalloinvest has announces the pricing of its BO-04 series bonds for a total amount of 10 billion rubles through a public offering. During the book building, investors placed 38 orders that resulted in the issue being oversubscribed more than 3-fold. Following the book building, the coupon rate has been set at 6.55% with an initial…
DetailsYuliya Chermazovich has been appointed a Director of HR Department of ArcelorMittal Kriviy Rih. In this position, she directly reports to CEO of the company. Responsible for the implementation of HR strategy, she takes care of keeping and motivation, training and development of employees, engagement of employees of key specialties in difficult market conditions, promoting…
DetailsRussian oil and gas pipe producer TMK will place $500 million of 7-year dollar-denominated Eurobonds at a yield of 4.3%, a financial source reported. Demand for the Eurobonds exceeds $1.6 billion, the source said earlier. The initial yield guidance stood at 4.75% and was lowered to 4.3-4.35% during bookbuilding. On January 31 – February 4,…
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