Russia: PNTZ gets 10-year bank guarantee

Chelyabinsk Pipe Works has become a guarantor on the bank guarantee granted to Pervouralsk Pipe Works. The guarantee was granted by Bank Uralsib. The agreement was concluded on December 22. According to the document, the guarantor will be responsible to the bank together with the borrower. The volume of the guarantee is 1.58 billion rubles.…

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Russia: Gaysky GOK gets 70 mining machines in 2017

In January-November Gaysky Mining and Processing Works received over 70 units of mining machinery of foreign make: Atlas Copco, Sandvik, Komatsu, BelAZ, Caterpillar, Normet, KGHM Zanam, etc. The company has also received 15 units of Russian machines, produced in particular, by Machine-Building Holding (Yekaterinburg), Khenkon (Krasnoyarsk), Miner (Smolensk region), Kamaz (Naberezhnye Chelny), etc. Most of…

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Russia: Mordashov visits the Yakovlevsky mine

Alexey Mordashov, the Chairman of the Board of Directors of PAO “Severstal”, and the company’s management team visited production departments of the Yakovlevsky mine, and approved of next year’s business plan, while meeting employees of the plant. The chairman and managers visited the central control room where the production management is located, as well as…

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Russia: Metalloinvest and OMK sum up cooperation results for 2017

Metalloinvest and the United Metallurgical Company (“OMK”) held a Coordination Committee meeting dedicated to their performance in 2017 and next year planning. The meeting held at JSC Ural Steel (part of Metalloinvest) was attended by Andrey Prosyanik, the domestic sales director of MC Metalloinvest, Evgeny Maslov, the managing director of JSC Ural Steel, Pavel Stepanov,…

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Ukraine: EBRD provides syndicated loan to ArcelorMittal Kriviy Rih

The European Bank for Reconstruction and Development (EBRD) has signed an agreement on providing a $350 million syndicated loan to Ukraine’s largest steel mill, PubJSC ArcelorMittal Kriviy Rih. “The EBRD has signed the biggest project in Ukraine this year,” EBRD Senior Adviser Anton Usov wrote on Facebook. The loan is designed to support the mill’s…

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