Kazakhstan: energy minister lambasts repairs at ArcelorMittal Temirtau’s TPP

The Minister of Energy of the Republic of Kazakhstan, Kanat Bozumbayev, has dubbed the troubled facilities in terms of the preparation for the upcoming heating season. “In a number of regions, there are outstanding issues that require additional measures to ensure the stability of the upcoming heating season,” Kanat Bozumbayev said at a government session.…

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Ukraine: Lviv against uniting mines

The Lviv region state administration is against uniting all the state mines into one company, the administration fuel and energy saving department director Mikhail Melnik reported. “We don’t like the idea of turning separate enterprises into manufacturing subdivisions. We want money invested into each mine, we want them modernized. The country is carrying out the…

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Russia: Nornickel modernizing manufacture

Kola MMC has finished reconstructing the nitrogen-oxygen plant, having put into operation a new air-separation unit with compressor equipment. The modernization will allow Kola MMC to considerably decrease expenses when manufacturing air separation products widely used in the non-ferrous metals manufacture. The company believes the economic impact from the implementation of new techniques will amount…

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Russia: NLMK to road show its eurobonds

NLMK is planning to start a road show with dollar-nominated eurobonds in USA and Europe on September 6. Meetings with investors will be held in London, Zurich, New York and Boston. J.P. Morgan, SG CIB, ING and UniCredit will act as organizers. Depending on the market situation NLMK intends to offer mid-term bonds to investors.…

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