PAO Severstal announces the repayment of $475,000,000 1.00% guaranteed convertible bonds due 2017 issued by Holdgrove Limited and guaranteed by PAO Severstal. Holdgrove Limited (the “Issuer”), a wholly-owned subsidiary of PAO Severstal incorporated under the laws of the Republic of Cyprus, has fully repaid the $475,000,000 1.00% guaranteed convertible bonds due 2017 issued by the…Details
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The Belarus Iron and Steel Works has been granted the strategic supplier status by the top Russian tire manufacturer Cordiant, BMZ Press Secretary Alexander Olesik reported. The relevant certificate was presented to BMZ representatives during the Supplier’s Day conference in the Russian city of Yaroslavl when the 15th anniversary since the tire maker was established…Details
The situation at the state enterprise Volynugol has been discussed at the region state administration. According to the administration chairman Vladimir Gunchik, the Volynugol results are by far not the best among coal industry enterprises. “Coal mining has dropped by 57 thousand tons”, he said. The miners haven’t been paid salary for 1.5 months. “That’s…Details
The mining division of ArcelorMittal Kriviy Rih has received 5 new BelAZs. Their capacity is 130 tons, and length – 17 meters. The ceremony of putting the trucks into operation was held with the participation of AMKR CEO Paramjit Kahlon, the BelAZ managers and the company employees. (Ukrainian metal)Details
According to the minister of energy and coal industry Igor Nasalik, Lviv region provides 50% of all Ukrainian coal. “As Lvivugol covers 50% of energy needs daily, the matter of its development is of utmost importance both for the region and the power of the whole country”, he said. This year the state enterprise will…Details
Ukhtageoservis LLC has suspended operations at alluvial gold sites in Komi, because it resulted in polluting water with suspensions. The company has been fined for 918 thousand rubles. Ukhtageoservis has the license to prospect for and extract alluvial gold at Dimteyelskoye, Srednekyvvozhskoye-1, Kyvvozhskoye and Srednekyvvozhskoye deposits. (Ukrainian metal)Details
In January-August Kemerovo region mined 159.5 million tons of coal, up by 7.6% YoY. In August output dropped by 1.5% YoY, to 20.3 million tons. Coking coal accounts for 26.3% of 8-months output, or 41.9 million tons. Coal sales totaled 136.5 million tons, including 92.9 million tons shipped for export. (Ukrainian metal)Details
The auction to sell the assets of the Armavir Electrometallurgical Works valued at 276 million rubles has not taken place. There were no participants. The company assets were auctioned in August. They included a land plot of 85 hectares for the construction of a metal works, 2 power lines, a complex to produce forgings and…Details
On October 11, Evraz Sukhaya Balka will hold an extraordinary meeting of shareholders, at which it is planned to rename the company into Sukhaya Balka. “This year our enterprise turns 121. In the matter of renaming the company it was decided to retain the legendary name of Sukhaya Balka”, the company CEO Vitaly Bash commented.…Details
The Vorkutaugol Zapolyarnaya mine site No. 7 has fulfilled its year plan of coalmining in advance. Since the year start the miners have yielded 720 thousand tons of coal. “For the past 7 years the site has 4 times fulfilled its plan in advance”, the mine deputy director Alexander Bondar noted. In Q4 the mine…Details
Since the beginning of the year Raspadskaya mine has extracted 2 million tons of coal at its site No. 1. This volume has been obtained from the long face 4-10-29, equipped with the modern Bucyrus shearer. After being processed at the Raspadskaya factory the concentrate is supplied to metal and coke works of Russia, Ukraine…Details
Cherepovets Iron and Steel Works has finished the capital repairs of its blast furnace No. 1. The cost of the repairs was some 1.8 billion rubles. The work has been carried out 9 days earlier. The repair lasted for 33 days. The work prolonged the BF1 operation by at least 7 years. (Ukrainian metal)Details
Shareholders of Evraz Dneprovsky Iron and Steel Works decided to increase the charter capital by 30.44%, or by 175 million UAH, to 750 million UAH, by issuing 700 million ordinary shares. The cost of each share is 0.25 UAH, they will be placed at 10 UAH per share. The funds received from the placement of…Details