Around 85% of Mechel creditors on the syndicate loan of $1 billion support the restructure conditions. In November 2017 Mechel reported that over half of the creditors supported them. The company continued negotiating. For the deal to be successful the company needed the approval of at least 75% of creditors. At present some 78% of…
DetailsThe Antimonopoly Committee of Ukraine has started reviewing the case on the metal wares market concentration. “In December 2017 the committee began studying the case of Devisal Limited (Cyprus) acquisition of Dneprometiz shares. The ultimate beneficiary of Devisal Limited is the Ukrainian businessman Sergey Tigipko. In October 2017, 100% of Dealzone Holding Ltd, owning 98.6%…
DetailsUkrgazvydobuvannya has ordered Interpipe Ukraine LLC the delivery of pipes valued at 905.99 million UAH. Within three months the company will have supplied 18710 tons of casing pipes produced by Interpipe NTZ in 2017-2018. The price is 2% below the expected cost of the purchase (921.72 million UAH). (Ukrainian metal)
DetailsThe Interdepartmental Commission on International Trade has imposed a 5-year antidumping duty of 15.21% on wire rod and rebars from Russia. The decision will come into effect around February 28, 2018. Ukraine started the antidumping investigation on imports of Russian rebars and wire rod in February at the request of AreclorMittal Kriviy Rih. (Ukrainian metal)
DetailsThe first complex of new electrolysis baths has started operating at the nickel electrolysis shop of Kola Iron and Steel Company, a part of Nornickel. The project to implement the new highly efficient technology of electric extraction presupposes the use of nickel powder instead of nickel anodes. The first stage of the program envisions 42…
DetailsIn November 2017 ferrous metals throughput remain on the previous year level – 6.1 million tons. And in 11 months railroad transported 65.8 million tons of ferrous metals, up by 1.8% YoY. According to Severstal, domestic demand in 2017 will grow by 7% YoY, to 40 million tons of steel. Growth of demand for metal…
DetailsRUSAL has presented a list of the company’s most important events and achievements in 2017. The achievements form part of the company’s key deliverables and demonstrate its strategy in action, which is to enhance RUSAL’s operational efficiency and environmental performance, increase its share of value added products, and develop social infrastructure in the communities where…
DetailsIn 2018 Amurmetal intends to produce 1 million tons of metal. “This year we have produced 180 thousand tons of metal. The goal for the next year is 1 million tons”, Torex executive director Sergey Zyubr declared. He has also announced the modernization of the bar shop, which will begin on February 1, 2018. The…
DetailsRosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 24.8 million tons of coal this year, up by 37% YoY. This result, provided as of December 28, takes into consideration the forecast for the rest of the year. In…
DetailsThe Federal Agency of Subsoil Use (Rosnedra) has announced a competition for the right to use the subsoil with the view of prospecting and mining tungsten-molybdenum ores at the Tyrnyauzskoye deposits in the Kabardino-Balkar Republic. The initial payment for the site is some 1.08 billion rubles. The site will be auctioned on April 17, 2018.…
DetailsThe Priamurye region-based mining company Odolgo increased alluvial gold output in 2017 to 38.9 kg. Last year the company obtained 37.6 kg of gold. At the same time, the output plan for 2017 has been only 50% fulfilled. The target for the next year has not been officially set yet, but according to the company…
DetailsNovgorodsky Iron and Steel Works is finishing the modernization of power machinery in the copper electrolysis shop. In December it has replaced 9 out of 12 electrolysis series shunting switches. This transfer will considerably decrease expenses on managing and repairing the machinery, having prolonged its service life. The cost of one shunting switch is 3…
DetailsIn 2017 Elgaugol LLC has purchased over 20 units of mining machinery. In particular, in December the company received 4 BelAZ dump trucks with the lifting capacity of 130 tons. In early 2017, 5 KamAZ buses were purchased to bring employees to the work. The company has also purchased 5 lifters. “In 2018 we intend…
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