Central Mining and Processing Works has preliminary approved major deals for this year, in particular, loan agreements, bonds issue, etc. under Metinvest B.V. financing valued at $8 billion. Earlier, on March 14, Ingulets Mining and Processing Works had an extraordinary shareholders meeting with the similar agenda. Azovstal and Avdiivka Coke and Chemical Works will hold…Details
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The minister of energy and coal industry Igor Nasalik says the Ministry of Finances has promised to provide 1 billion UAH by April to develop coal industry. “For a month and a half we have been attending meetings chaired by the Prime Minister Vladimir Groysman. And we have found an algorithm: by the end of…Details
PJSC ArcelorMittal Kriviy Rih increases the level of technical equipment for its own gas rescue service. Priority No. 1 of the company is safety of its employees at production sites, their lives and health. The enterprise has renewed a fleet of emergency-rescue vehicles at gas rescue service. PJSC ArcelorMittal Kriviy Rih invested 2.4 million UAH…Details
In January-February Irkutsk region yielded 2460.93 kg of gold, including 2460.3 kg of ore gold and 0.63 kg of alluvial gold. The output increased by 33.8% YoY, or by 621.7 kg. Moreover in January-February 2017 alluvial gold was not extracted. Last year the region obtained 22903 kg of gold, including 12115 kg of ore gold…Details
Polymetal International plc has concluded an agreement with Altynalmas on the sale of 50% in the Dolinnoye gold deposits. At present Polymetal owns 50% in Dolinnoye, with the rest owned by Dolfinflip Co. Limited. Both companies agree to sell their 50% share in Aktogay Mys LLC (owner of the license for Dolinnoye) to Altynalmas. For…Details
OrelMetallPolymer has presented a new manufacturing site. The company is located in the city of Mtsensk of Orel region. The continuous polymer-coating machine has the capacity of 40 thousand tons per year and coats steel and aluminum. The thickness of the rolled metal is 0.25-1 mm, while the width is 900-1250 mm. The plant also…Details
NLMK intends to increase its galvanized and polymer-coated rolled metal capacities at the Lipetsk site by constructing the continuous hot dip galvanizing line No. 5 and polymer-coating machine No. 4. The former will produce 450 thousand tons of rolled metal with the thickness of 0.3-2.5 mm and the width of 700-1550 mm per year, while…Details
Ferrexpo plc is considering a squeeze-out at Poltava Mining and Processing Works, the largest manufacturer of iron ore pellets in Ukraine. At present this move is being analyzed. Ferrexpo plc owns 100% of Ferrexpo AG, which in its turn is the owner of 99.11% of PGOK and 100% of Yeristovo GOK. (Ukrainian metal)Details
In 2017 Pobuzhye Ferronickel Plant processed 1.28 million tons of ore, down by 9.8% YoY, which corresponded to 72.5 thousand tons of ferronickel, down by 9.3%, or 15.3 thousand tons of nickel, down by 15.6%. According to the company CEO Oleg Bespalov, the decrease was the result of the capital repairs in H1 2017. The…Details
Lately Interpipe has invested some $250 million in its pipe-wheel manufacture. “We have invested almost $100 million in the manufacture of railroad products and around $150 million in pipes”, Interpipe corporate issues director Dmitry Kisilevsky declared. Earlier it was reported that Interpipe commissioned additional capacities on wheel treatment. Investment totaled $8 million. The new capacities…Details
Kuzbass Fuel Company plans to raise its coal output by almost 21%, to 15.9 million tons in 2018, the company said on March 15. The company plans to invest 3 billion rubles in development of production this year, including 1.4 billion rubles in the purchase of mining and transport equipment. (Prime/Ukrainian metal)Details
Investment company Interros of the Russian businessman Vladimir Potanin has closed an acquisition of 2.1% in mining and metallurgic company Norilsk Nickel from Crispian Investments of businessman Roman Abramovich’s Millhouse to raise its stake to 32.9%, a representative of Interros reported on March 15. Earlier in March aluminum giant UC RUSAL of businessman Oleg Deripaska…Details
An An-12 cargo plane carrying some 9 tons of gold has lost a third of its cargo during takeoff from the Yakutsk airport in Eastern Siberia, a local transport police spokesman reported. Earlier reports said that the plane’s cargo hatch was partially torn off by a strong flow of air during takeoff. “A total of…Details