Ukraine: EBRD approves granting 350 million euro to AMRK

The European Bank for Reconstruction and Development will provide ArcelorMittal Group with a loan of 350 million euro to finance capital expenditures at ArcelorMittal Kriviy Rih. The corresponding project was approved on October 4, and it would be signed within a month. The project aims to support the AMKR investment program valued at $1.1 billion.…

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Russia: Olkon assembling crushing and sorting complex

The Olenegorsky Mining and Processing Works has started assembling machinery of the crushing and sorting complex to produce crushed stone. Commissioning is planned for October. The specialists will have to assemble 3 crushers and 16 conveyors of 15-18 meters depending on the crushing fraction. There will also be a laboratory. “The Metso crushing and sorting…

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Ukraine: ferrous metals export revenue up in January-September 2017

In January-September Ukraine exported $6.171 billion worth of ferrous metals, up by 14.9% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.7% of all exports as opposed to 20.76% last year. In September Ukraine exported $690.21 million worth of ferrous metals, down from $732.545 million in August. Ferrous metals imports in 9…

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Ukraine: Volyn miners on strike

Miners of the Novovolynskaya No. 9 and Buzhanskaya mines have been striking for two days, refusing to go underground. They demand payment of salary for July and August. They also want Alexander Zorin to remain the CEO of the state enterprise Volynugol. According to some sources Andrei Pilipyuk could become a new general director. The…

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Ukraine: angles struck by EAEC duty

According to the decision of the Eurasian Economic Commission, the antidumping duty on Ukrainian hot-rolled angles will be 37.89%. The decision will come into effect in 30 days after its official publication, but not earlier than October 11. In May it was decided to impose a preliminary antidumping duty for 4 months (till October). With…

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Kyrgyzstan: three vice presidents leave Kumtor

Personnel reshuffle took place at Kumtor. The Vice Presidents for finance, procurement, risk management, as well as the manager of the supply department left their offices. Thanks to the recently achieved agreements, significant steps have been taken between the Kyrgyz government and Kumtor Gold Company to achieve transparency and openness of the Kumtor project. The…

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