Belarus Iron and Steel Works is asking its lenders to postpone the payment of $70 million from this year to the next. “On the verge of 2015 and 2016, when we had a difficult period, we did take the state aid. Now we are paying back interest on those loans. In 2018 we have to…Details
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Metinvest has paid $6.509 million of interest on eurobonds with maturity in 2021. According to the company statement, $3.69 million were spent on paying loans on pre-export financing. After the payment the total debt of the group on eurobonds is $1.187 billion. (Ukrainian metal)Details
SAT&Company intends to build a mining and processing works at the Gornostayevskoye deposits in the East Kazakhstan region valued at $252.5 million. The GOK will process cobalt-nickel ores and extract nickel, cobalt and FN-20 ferronickel. The project capacity will be 1.9 million tons of ore and 9.5 thousand tons of nickel material per year. In…Details
The Ministry of Finances suggests increasing the volume of sanctions for the breach of precious metals and stones mining, using and storing rules. The maximum fines for companies and individual entrepreneurs could increase 5-fold, to 250 thousand rubles, for officials – 4.7-fold, to 70 thousand rubles. The decision is aimed at decreasing the grey market.…Details
ArcelorMittal Temirtau has been fined for 600 million tenge for the damaged caused to the environment. The Department of ecology says that this fine has nothing to do with the black snow. At the same time the company has been fined for polluting the environment. “The air pollution exceeded the norms. The company also failed…Details
Since the start of the year the prices of precious metals have increased by 6% as opposed to the 1.5% growth in the last week of 2017. For January 8-14 the following sales prices are set: gold – 20462.92 drams per 1 gram (up by 4.8%), silver – 266.26 drams (up by 6.8%), platinum –…Details
In 2017 the uranium holding ARMZ mined 3 thousand tons of uranium, having 100% fulfilled its annual target. In particular, its Khiagda enterprise obtained 693 tons of uranium. It is expected that the company will reach the project capacity of 1 thousand tons per year in 2019. Dalur retained its output volume and extracted 592…Details
In 2017 Kosaya Gora Iron and Steel Works sold 63.6 thousand tons of ferromanganese, up almost by 8 thousand tons YoY. At the same time ferromanganese output increased by 7.8 thousand tons YoY. (Ukrainian metal)Details
In 2017 Priisk Solovievsky, which extracts gold in Amur and Zabaikalye regions, obtained 3.5 tons of gold, up by 40% YoY, or by 1 ton. The main volume – 3127 kg – was mined in Amur region deposits. The rest was obtained from alluvial gold sites in Zabaikalye. The increase has to do with the…Details
The Cabinet of Ministers has provided the state enterprise Pervomayskugol with the state guarantees for the loan of 2276.2 million UAH. The funds will be used to commission the new long face at the Gorskaya mine. The decision on the loan was taken in 2017 by the Ministry of energy and coal industry. (Ukrainian metal)Details
In 2017 Zaporozhogneupor increased output of molded refractories by 8% YoY, to 102.571 thousand tons. According to the company statement, manufacture of high-aluminous wares grew by 27%, to 16.246 thousand tons, magnesia wares – by 15%, to 43.652 thousand tons, while that of chamotte refractories dropped by 3%, to 42.672 thousand tons. In December 2017…Details
In 2017 Russkiy Ugol mined 842 thousand tons of coal in Krasnoyarsk region, up by 4% from the plan and by 7% YoY. The increase is the result of the new machinery acquisition. Thus, the company purchased 55-ton BelAZ trucks, Komatsu excavators and bulldozers. Russkiy Ugol started developing the Sayano-Partizansky pit in 1991, but only…Details
A new investor – the Region Group of Companies – appeared at the Saratov Works of Reservoir Metal Structures, which is in the insolvency procedure. “We have decreased expenses to the minimum. January and February are already loaded, we have no debts. We hope that the situation improves”, the company CEO Mikhail Savran said. (Ukrainian…Details