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Russia: EZOTsM to increase exports to Uzbekistan

In late 2018 a delegation of Yekaterinburg Non-Ferrous Metals Processing Works visited Uzbekistan. The members of the company met with the representatives of two mining and processing works, cement manufacturer and continuous basalt fiber enterprise. The latter is already a customer of EZOTsM. The company intends to increase exports to Uzbekistan at least 2-2.5-fold. The…

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Armenia: re-launch of Teghut mine possible

The Teghut mine might get re-launched, according to Minister of Economic Development and Investments Tigran Khachatryan. When asked about the chances of Teghut resuming operations, the minister said: “Yes, there is hope, nothing is hindering them to start restoration works after clarifying their relations with the bank,” he said. In 2017, Teghut produced and exported…

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Ukraine: Standard&Poor’s improves Metinvest ratings

S&P Global Ratings has confirmed the long-term ratings of Metinvest in the national currency at B- with positive outlook (the previous being stable). Earlier International Financing Review named Metinvest refinancing its debt the deal of the year among developing states. In January-September 2018 Metinvest consolidated revenue increased by 46% YoY, to $9.063 billion. (Ukrainian metal)

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