Russia: Evraz to sell 1.7% of shares

Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.7% of Evraz shares. According to Evraz, this is around 25 million shares. Romans Abramovich indirectly owns Evraz shares through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov – through Crosland Global Limited, and…

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Ukraine: CGOK to invest 7 million UAH in Kriviy Rih district development

Central Mining and Processing Works has signed an agreement on the social and economical partnership with the Petrovsky district administration and the district council. Combined investments in the development of the district infrastructure, educational, sports and medical facilities this year will reach 7 million UAH. In particular, under the contract it is planned to repair…

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Ukraine: MMZ speaks with Interpipe of scrap deliveries

Representatives of Moldova Iron and Steel Works held talks with Ukrainian companies on the resumption of scrap deliveries. “In April and May there were no deliveries. But I know for sure, that their representatives have come to Ukraine for negotiations. There are risks, especially in winter, when scrap procurement in Ukraine falls”, Interpipe CFO Denis…

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Uzbekistan: AGMK starts second stage of Kalmakyr mine railroad infrastructure construction

Almalyk Iron and Steel Works has started carrying out the second stage of the railroad infrastructure construction to the Kalmakyr mine. Kalmakyr Mine is the largest mining enterprise in the CIS, the base of Uzbek non-ferrous metallurgy. In 2016 the mine design capacity was increased to 30 million tons of ore per year. Under the…

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