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An accident happened at the Yenakievo Iron and Steel Works, situated on the Russia-occupied territory of Donetsk region. Locals have experienced failures in electricity supplies. Some spoke of an explosion at the works, others of a gas outburst. There is still no official confirmation of the accident. Metinvest lost control over EMZ on March 15,…
DetailsInterpipe will issue new foreign corporate bonds valued at $309 million under its debts restructuring of $200 million with maturity in 2017. Moreover the company will also issue 192.058 thousand and 3.086 thousand value-restoring tools (units). All the parties concerned have as of September 27 carried out all the issues stipulated in the restructure agreement.…
DetailsDneprovsky Iron and Steel Works, a part of DCH Steel, in January-September decreased rolled metal output by 23.9% YoY, to 418 thousand tons. Steel manufacture dropped by 24.4%, to 504 thousand tons, and pig iron – by 24.5%, to 485 thousand tons. In September the company produced 37 thousand tons of rolled metal, 47 thousand…
DetailsMK-Service is carrying out a project to construct a metal structures plant valued at 50 million rubles in the Vologda-Vostoc industrial park. The old premises of a ferroconcrete products plant are being renovated and a new manufacture will appear. The shop to produce metal structures is expected to start operating in November. “We used to…
DetailsIn September Zabaikalye Railroads transported 1.5 million tons of cargo, up by 1.1% YoY. In 9 months transportation grew by 10.7%, to 12.7 million tons. In particular, Zabaikalye Railroads transported 7.5 million tons of coal, up by 8.7% YoY, 852.1 thousand tons of iron ore, up 5.5-fold, 175 thousand tons of non-ferrous ore, up 2-fold,…
DetailsKinross Gold Corp has announced the lack of interest in concluding new deals in Russia. In July the company bought the Chulbatkan gold ore project from N-Mining for $283 million with $170 million to be paid in shares. In the past few years Kinross has been offered several major assets in Russia, but the company…
DetailsRussia has blocked deliveries of power-generating coal to Ukraine via Belarus. According to the chairman of the Independent Miners’ Union and a member of the Batkivschina party Mikhail Volynets, the situation with stocking power coal for winter has already been unsatisfactory, but now it could become catastrophic. Some 300-400 thousand tons of Russian coal used…
DetailsZagorsky Pipe Works and the country’s second largest bank VTB have signed an agreement to build a 35-billion ruble seamless pipelines plant, the bank said. “In accordance with the agreements of the parties, VTB plans to act as a financial investor of a project for construction of a new industrial cluster that will produce seamless…
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