Ukraine: AMKR to borrow from EBRD

The European Bank fro Reconstruction and Development intends to lend ArcelorMittal Kriviy Rih 200 million euro.

The total amount of the loan could reach 350 million euro, with 150 million provided with the help of other institutions.

The loan will be used to support the AMKR investment program valued at $1.1 billion. (Ukrainian metal)

Russia: Reserv to lose Utinka gold

The Russian Environment Surveillance Service in Magadan region wants to annul the license to use subsoil resources given to Reserv LLC to operate at the Utinskoye deposits. According to the service the company has not started constructing infrastructure objects, nor has it prepared the mining object to be put into operation. The company director Victor…


Russia: electrometallurgical works to be shut down

The Federal Antimonopoly Service hosted a meeting on the graphitized electrode market competition. According to the director of industrial control department Nelli Galimkhanova, the meeting was gathered following two claims from Rostov Electrometallurgical Works and Krasniy Octyabr. The situation is difficult, as the market has been experiencing a sharp shortage because of decrease in capacity…


Russia: Vysochaishiy gets Sberbank loan

Sberbank CIB has signed two loan agreements of providing Vysochaishiy, a part of GV Gold, with $150 million (8.7 billion rubles).

The first agreement presupposes the loan of $100 million (5.8 billion rubles) for 5 years. While the second is for 3 billion rubles ($50 million) for 3 years. (Ukrainian metal)

Ukraine: AMKR to purchase special equipment and repair two patient rooms of Kriviy Rih Municipal Clinic

PJSC ArcelorMittal Kriviy Rih granted a certificate for total amount of 3 million UAH to purchase special equipment and repair of two patient rooms in the burn ward to Kriviy Rih Municipal Clinic No. 2 of Dnipropetrovsk Region Council. Kriviy Rih has big medical center – Kriviy Rih Municipal Clinic No. 2 of Dnipropetrovsk Region…