Aktyubinsk Copper Company LLC has finalized the deal on attracting a $250-million loan. The money is given for 5 years. The banks have shown a particular interest in the deal. Natixis was its organizer and coordinator. 11 international institutions participated in the deal, including ING Bank, RCB Bank Ltd, Société Générale, etc. AMK produces copper…Details
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In 2017 the Russian Copper Company received around 130 billion rubles of revenue, up by 6% YoY. The net profit in the period remained on the 2016 level at 16.2 billion rubles. Last year the RCC enterprises produced over 183 thousand tons of cathodes and 104 thousand tons of copper wire rod, up by 3%…Details
Cherepovets Iron and Steel Works has increased its covered warehouse territory for metal scrap in the industrial port to 32 thousand tons. The new hangar (135x24x14 m) is made of metal carcasses weighing over 90 tons and a tent with double-sided PVC-coating. The increase of warehousing premises has to do with the growth of galvanized…Details
MMK is carrying out the construction of the sintering factory with no analogues in Russia. The preparation works began in December 2016. Now the metal structures are being assembled. In December 2017 the company warehouses received 2.5 thousand tons of Sinosteel machinery. The Chinese party intends to supply some 22 thousand tons. The cost of…Details
In January-February Ukraine produced 2.98 million tons of rolled metal, down by 7% YoY. At the same time 2.64 million tons of rolled metal were exported, or 88.7% of the total output. In January-February 2017, 2.54 million tons of rolled metal were exported, or 79.5% of the output (3.19 million tons). The main export markets…Details
The State Geology and Subsoil Service has provided the company Petro-Consulting with the special license to mine for lithium ores at the Shevchenkovskoye lithium deposits in Donetsk region. The company has been granted the license for 20 years. As of early 2018 the deposits were not developed. In early March the Kirovograd region council granted…Details
In February Vyksa Iron and Steel Works shipped 194.3 thousand tons of pipes via railroad, down by 24.6% MoM, but up by 15.8% YoY. In January-February the sales increased by 32.2% YoY, to 452.2 thousand tons. Sales to Russian customers grew by 53.3%, to 380 thousand tons, while exports dropped by 23.4%, to 72.2 thousand…Details
The total economic effect from the implementation of projects to improve the energy efficiency of production processes at the Magnitogorsk Iron and Steel Works in 2017 amounted to about 1 billion rubles. Work to improve energy efficiency was carried out at all levels of the plant’s industrial site. As in previous years, the company’s energy…Details
PJSC ArcelorMittal Kriviy Rih started the main stage of construction of the new Continuous Casting Plant No. 2. Capacity of two new continuous casters (LFCC Nos. 2, 3) will be 1.4 million tons per year each. It will enable larger CC-billets output. The total cost of the investment project is over $100 million. Now the…Details
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, announced that a subsidiary of the group, Azerbaijan International Mining Company Limited, planned to spend about $6 million on its new geological exploration and evaluation program in 2018, the company said in a message. 2018 will be the first year of…Details
The railroad operator Globaltrans has prolonged the contract on the transportation of MMK products for another 8 months. “In early 2018 the long-term partnership with MMK was prolonged till late September 2020”, the company said. The previous contract was valid until late February and presupposed the transportation of some 80% of MMK goods. (Ukrainian metal)Details
Omega LLC plans to increase alluvial gold output in the Republic of Sakha (Yakutia) this year to 304 kg. The company will be operating at all of its licensed cites: on the Bilir Creek, in the Bilir Creek basin, on the Lazo deposits, as well as on the Bolshoy Delegenyakh Creek. In case the output…Details
Severstal has presented a new product for the construction of industrial and agriculture objects – SeverFarm. And has already received the first order. SeverFarm is the galvanized rolled metal with special coating resistant to bio- and chemically aggressive environment. The company suggests using SeverFarm for the construction and repair of poultry farms, animal husbandry complexes,…Details