Ukraine: EBRD provides syndicated loan to ArcelorMittal Kriviy Rih

The European Bank for Reconstruction and Development (EBRD) has signed an agreement on providing a $350 million syndicated loan to Ukraine’s largest steel mill, PubJSC ArcelorMittal Kriviy Rih. “The EBRD has signed the biggest project in Ukraine this year,” EBRD Senior Adviser Anton Usov wrote on Facebook. The loan is designed to support the mill’s…

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Russia: HGM moves HQ

The head quarters of Highland Gold Mining will be moved to the business center on 4, Smolensky Boulevard. The company has already signed an agreement with KR Properties. The size of the premises near the “Park Kultury” subway station is 1.7 thousand square meters. The price of the deal is not disclosed. The move will…

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Russia: Izhstal gets export loan from Roseximbank

Roseximbank has opened a loan of 3.35 billion rubles for 2.5 years.

The financing is carried out under the state program of supporting exports of highly technological products.

Izhstal will spend the money to buy raw materials to manufacture products for exports to Europe and Kazakhstan through Mechel sales network. (Ukrainian metal)

Russia: Indian company wins auction to produce coal in Kamchatka region

FINR, a subsidiary of Indian Tata Power, has won an auction for a 25-year license for the Krutogorovsky coalfield in Russia’s easternmost Kamchatka region with a 264.8 million-ruble bid, the regional government said on December 22.

The field’s reserves are estimated at 300 million tons of coal. (Prime/Ukrainian metal)

Ukraine: Luhansk terrorists appoint provisional administration at AMK

On December 19 the terrorist organization of the Luhansk People’s Republic, created and supported by Russia, decided to appoint provisional administration at the Alchevsk Iron and Steel Works. “The decision has been taken due to the transport, power and economic blockade. The AMK idleness results in the negative influence on the machinery, the destruction of…

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