Ural Mining Metallurgical Company (UMMC), one of the top Russian producers of copper, zinc and other precious metals, has signed a debut EUR 100-million syndicated loan. Mandated Lead Arrangers, Bookrunners and Lenders are Raiffeisen Bank International AG, AO Raiffeisenbank, PJSC Rosbank and Societe Generale. Raiffeisen Bank International AG and AO Raiffeisenbank acted as documentation agents…Details
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In November Ukraine exported $57.775 million worth of pipes, down by 6.1% YoY, while imports grew by 77.6%, to $18.965 million. According to the State Fiscal Service, USA imported the largest batches of pipes – $11.506 million. In January-November Ukraine exported $681.476 million worth of pipes, up by 33.4% YoY, while imports increased by 50.9%,…Details
Precious metal prices increased in Azerbaijan on December 25, the Central Bank reported. The price of gold grew by 7.5225 manats, to 2,156.518 manats per ounce on December 25 compared to the price on December 24. The price of silver went up by 0.0765 manats, to 25.1214 manats per ounce. The price of palladium increased…Details
ArcelorMittal Kriviy Rih has started a quarterly competition on energy efficiency. The winners will receive rewards for their suggestions. For example, there is a way to decrease the volume of reactive electric energy, which costs the company 22 million UAH per year. The creation of a special program that monitors the consumption of the excess…Details
This year Seligdar has extracted 6 tons of gold, up by 30% YoY. “The considerable growth of the gold-extracting division was the result of the holding investments in the development of capacities”, Seligdar president Konstantin Beirit declared. The long-term strategy adopted in 2018 presupposes reaching the annual output of 10 tons of gold in 7…Details
In January-November ferrous metals transportation via railroad decreased by 3% YoY, to 18.3 million tons. According to the State Statistics Service, iron and manganese ore transportation grew by 2.8%, to 60.8 million tons. Coke transportation dropped by 2.4%, to 4.5 million tons, while scrap went up by 0.1%, to 2.8 million tons. Ferrous metals exports…Details
Members of Volyn region council will ask the Cabinet of Ministers and the Verkhovna Rada to help finish the construction of the Novovolynskaya Mine No. 10. This is the only mine the construction of which started during the years of independence. The mine reserves are estimated at 40 million tons of coal. The first stage…Details
In 2019 Norilsk Nickel expects a moderate nickel price growth. “Today nickel and palladium are in shortage, while copper and platinum are close to the balance. In mid-term we expect nickel and palladium prices to be higher. In long-term platinum should also become more expensive. As to the copper – we don’t expect a sharp…Details
Russian aluminum producer RUSAL will move the headquarters to Krasnoyarsk in six months, governor of the region Alexander Uss reported on December 25. “I hope that the sanctions will be revoked next year in January. RUSAL has somewhat slowed down work on headquarters move. I mean literally two–three, maybe up to six months. But this…Details
Irbit Pipe Works Metallinvest has opened an outside site for product storing. The site can accommodate some 3500 tons of pipes. The works also has the covered site with the capacity of 4 thousand tons. Now pipes can be loaded from 2 sites at once, which will increase the volume and the speed of loading.…Details
Cherepovets Iron and Steel Works has assembled an electric bridge crane in the steel-smelting shop valued at 40 million rubles. The crane No. 84 has the lifting capacity of 20.5 tons and will be used to unload slabs and transport steel billets. “The new crane will improve not only the efficiency of the manufacture and…Details
This year the Electrostal Tyumeni mini-mill intends to increase rolled metal output by 15%, to 0.531 million tons. The company produces over 170 types and sizes of rolled metal used in machine-building, construction, oil and gas and aviation industries. In September Electrostal Tyumeni received the IATF 16949 certificate and passed the ISO 50001 energy audit.…Details
Russian state development corporation VEB.RF and mining giant Evraz may create a joint venture basing on coal producer Sibuglemet. VEB.RF may contribute Sibuglemet to the joint venture to get a 25% stake, while Evraz may obtain a 75% stake after contributing coal producers Yuzhkuzbassugol, Raspadskaya, and Mezhegeiugol. According to a source familiar with a top…Details