A pool of banks will provide Norilsk Nickel with a loan of $2.5 billion. Among roughly 15 lenders will be Raiffeisenbank, Unicredit Bank, China Construction Bank, Citibank, HSBC, J. P. Morgan, etc. The total sum of the deal, including interest and commissions, is 18.14% of Nornickel assets cost as of September 30. At that time…Details
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In January-November Russia produced 47.6 million tons of pig iron, up by 0.3% YoY. In November output increased by 1.9% YoY and by 0.9% MoM. According to the Federal Service of State Statistics, rolled metal output in 11 months increased by 0.7% YoY, to 55.5 million tons. In November the results decreased by 6.8% YoY…Details
The governor of Kuzbass Aman Tuleyev wants to limit granting of coal licenses in the region and decrease output to 200 million tons. Officially, to decrease damages to the environment. This year 5 auctions for coal development have been cancelled. The existing mines provide enough coal. Over 100 coal companies operate in the region, including…Details
In 2020 Glencore plans to commission the Zhairem Mining and Processing Works with the capacity of 160 thousand tons of zinc per year. This asset will replace the Maleevsky and Tishinsky mines, the operation of which will be stopped in 2023. Glencore expects the demand for zinc on world markets to grow in the next…Details
Mining and metallurgic company Norilsk Nickel plans to issue green Eurobonds until the end of 2018, Deputy Chairman of the Board Andrei Bugrov said at a central bank meeting. “There have been no green bond issues on the domestic market yet. Norilsk Nickel is discussing an option to issue the instrument to support a program…Details
Under the first stage of the investment project Naberezhniye Chelny Pipe Works has purchased equipment and started producing casing pipes for oil and gas industry. The manufacture started on the leased territories at the Chelny industrial park. The annual capacity of 48 thousand tons of pipes is expected to be reached by early 2020. “We…Details
Since the beginning of the year Rusolovo has mined 1 thousand tons of tin concentrate, up by 60% YoY, and a historical record for the company. “This year has become a key one as to the development of our manufacturing base and reaching new producing heights. Not only have we carried out a large repair…Details
According to preliminary results, in 2017 Primorsky Mining and Processing Works will produce 2700 tons of tungsten concentrate and 1600 tons of copper concentrate. In 9 months output was down by 5% YoY. By the end of the year the difference will have decreased to 2%. Primorsky GOK is developing the Vostok-2 deposits. The company…Details
The United Pipe Company has for the fourth year in a row been named the best supplier of industrial products and goods for the oil and gas industry (pipes). “The TMK products are associated with quality and reliability in Russia, as well as abroad. The fourth award is yet another confirmation of this”, TMK deputy…Details
Mechel-Steel, a subsidiary of the Russian metals and mining company Mechel, and Kyrgyzstan’s state railway company Kyrgyz Temir Zholy have signed a letter of intent to expand cooperation, Mechel said in a statement. The letter stipulates that the companies will develop system-wide cooperation aimed at exchanges of information on products, and on supplies of rolled…Details
Ukraine in January-November increased coal imports in monetary terms 1.87-fold YoY, to $2.431 billion, according to the State Fiscal Service of Ukraine. Russia remained the major supplier of coal over the period under review, accounting for 56.4% of total supplies worth $1.37 billion, the report said. It is followed by the United States (24.8%, $603.8…Details
On the Near East market Interpipe’s main customers are the United Arab Emirates and Turkey. “We have strong connections with clients in the region, both in oil and gas and construction sectors. 58.5% of all our deliveries fall on oil and gas projects. UAE accounted for 25% of them, Turkey – 18% and Egypt –…Details
In November Russia supplied some 280 thousand tons of coal illegally taken from the occupied Donetsk and Lugansk regions of Ukraine to Europe, up by 18.6% MoM, or by 44 thousand tons. The largest exporters of Donbass coal are companies, controlled to the fugitive Ukrainian businessman Sergey Kurchenko. In particular, in October his two companies…Details