Russia: Dmitriy Kolomytsyn appointed NLMK Group Director, IR & Capital Markets

NLMK Group, a global steel company, has appointed Dmitriy Kolomytsyn Director, IR & Capital Markets. Kolomytsyn previously held the position of Head of Corporate Development. Sergey Takhiev, who previously headed NLMK Group’s Investor Relations, has decided to continue his professional growth in another company. Dmitriy Kolomytsyn joined NLMK Group in 2016. As Head of Corporate…

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Azerbaijan: AzerGold completing buyout of foreign contractors’ shares in precious metals deposits

AzerGold State Company is completing the procedure of buying out the share of foreign contractors in some mines and deposits in Azerbaijan, said Zakir Ibrahimov, Chairman of the Management Board of the Company. “Works on handover and acceptance with the founding companies of the operating company AIMROC are at the final stage,” Ibrahimov said. In…

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Russia: NLMK replacing locomotives

Novolipetsk Iron and Steel Works has started the program to replace the locomotive fleet, under which the company has already received 3 new TEM9 locomotives. Such machines have not previously been used by the company. They will replace the outdated TEM1 locomotives. In the next 5 years NLMK railroad fleet will get 27 new locomotives,…

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Ukraine: Cabinet to send women to mines

The Cabinet of Ministers asks the Verkhovnaya Rada to cancel the prohibition for women to work in harmful conditions and underground. The corresponding decision was taken at the government meeting on May 10. In particular, it was suggested to eliminated a certain clause in the Labor Code and denounce the International Labor Organization convention on…

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Ukraine: AMKR to get Sumy pumps

Sumy Machine-Building Scientific Enterprise has produced liquid-packet ring pumps for ArcelorMittal Kriviy Rih.

The capacity of the pumps is 300 cubic meters per second.

AMKR will receive 3 pumps.

The weight of each machine is 13 tons. (Ukrainian metal)

Russia: RUSAL revenue up in Q1 2018

The revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…

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Ukraine: Krasnolimanskaya mine included in the privatization list

The state enterprise Krasnolimanskaya Coal Company (Donetsk region) has been included in the list of 26 enterprises to be privatized, as approved by the government.

The enterprise is subject to the Ministry of energy and coal industry and is being privatized under the decree “On the peculiarities of privatization of coalmining enterprises”. (Ukrainian metal)

Russia: Gazprombank gives 54.4 billion rubles to RCC for Tominsky GOK

Gazprombank has opened a loan of 54.4 billion rubles for 12 years to finance the development of the Tominskoye copper-porphyry deposits in Chelyabinsk region to Tominsky Mining and Processing Works, a part of Russian Copper Company, and has also given the first tranche of 7 billion rubles. The development of the Tominskoye deposits and construction…

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Russia: Severstal-Metiz exports up in Q1 2018

In January-March Severstal-Metiz increased exports by 44% YoY.

This was a record-high result in the past 5 years.

Most of the customers were from the EU.

The main export items were the products of high-carbon steel grades. (Ukrainian metal)

Ukraine: AMKR masters manufacture of new products according to Israeli standards

ArcelorMittal Kriviy Rih has mastered the manufacture of a new product according to the Israeli standards – the vanadium-alloyed weldable rebars S500W 25 mm. The first batch of such rebars weighing 1 thousand tons has already been shipped to Israel from the Nikolaev Trade Sea Port. The main advantages of these rebars are their weldability…

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