Russia: BMK provides Mechel with 5-year loan

Beloretsk Iron and Steel Works has provided its mother company Mechel with a 5-year loan of 1.35 billion rubles.

The companies do not disclose the conditions of the deal.

The goal of the loan is to carry out financial and commercial activity by Mechel. (Ukrainian metal)

Russia: RMK modernizing Karabashmed

Karabashmed, a part of the Russia Copper Company, has started assembling the new automated copper-pouring line and three new converters with the volume of 150 tons each. The modernization of the machinery will increase the company capacity to 150 thousand tons of copper per year. Karabashmed will also reconstruct its power shop and the oxygen…

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Ukraine: AMKR invites to the corporate Learning Week

From June 12 tо 16, the corporate Learning Week will be held at ArcelorMittal University Campus in Ukraine. By tradition, it will consist of the great number of master classes, business games, training sessions and other developmental activities. This year the focus will be made on such aspects as personal growth, interaction with people, state-of-the-art…

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Ukraine: wages at Sukhaya Balka up

The salary of Evraz Sukhaya Balka miners was increased by 20% from May 19.

“As the result of the May 10-11 strike with the demand to increase salary, the company decided to increase wages by 20%”, the chairman of the Independent Miners Union Mikhail Volynets wrote on his Facebook page. (Ukrainian metal)