VSMPO-Avisma decided not to invest into the expansion of Demurino Mining and Processing Works capacities to 50 thousand tons because of economical reasons. “At present we get 12-15 thousand tons of ilmenite. We won’t invest in the capacity increase”, the corporation CEO Mikhail Voevodin said. “When we bought DGOK, it already had a factory. Now…Details
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The Arbitrary court of Rostov region has satisfied the claim of Level LLC to Rostov Electrometallurgical Works LLC on the reclamation of 25.9 million rubles. According to the agreement between the companies Level supplied 27.2 million rubles worth of scrap, but because of the untimely payment further deliveries were not carried out, while the buyer…Details
The southern part of the Vograshorskaya mine has 23 million tons of coking coal. “It was impossible to get to those deposits, so we decided to construct a separate sloping hole”, Vorkutaugol executive director Yevgeniy Balukov explained. The construction has been complete, and the company has started preparing the breakage face. The development of the…Details
In January-August gold-extracting companies of Irkutsk region obtained 14.11 tons of gold, down by 2.3% YoY, including 7.466 tons of ore gold and 6.643 tons of alluvial gold. 3 companies mine for ore gold in the region. Pervenets, a part of Polyus, mined 4.18 tons. Vysochaishiy yielded 2.728 tons, and Druza LLC – 558.7 kg.…Details
In January-June Seligdar received 283.3 million rubles of net losses, down by 42% YoY. Earnings increased by 19.6%, to 2.3 billion rubles. Gross profit dropped by 1%, to 699.6 million rubles. Losses before taxation totaled 343.5 million rubles, down by 43%. EBITDA decreased by 16%, to 711.9 million rubles. As of June 30, the company…Details
Sberbank CIB has signed two loan agreements of providing Vysochaishiy, a part of GV Gold, with $150 million (8.7 billion rubles). The first agreement presupposes the loan of $100 million (5.8 billion rubles) for 5 years. While the second is for 3 billion rubles ($50 million) for 3 years. (Ukrainian metal)Details
On September 18, Metinvest intends to pay $13.22 million to the holders of eurobonds with the maturity date of December 31, 2021. The sum consists of $6.7 million for August 18 – September 18, 2017 of non-guaranteed interest at 6.5795%, paid if the company has free funds over $180 million, as well as $6.318 million…Details
Ukrzaliznytsia is planning to sell another batch of 128 thousand tons of scrap at an auction. According to the company statement, this year the company intends to sell 213 thousand tons of scrap. As of September 1, 81.5 thousand tons have been sold on three auctions. Last year Ukrzaliznytsia sold only 1.3 thousand tons of…Details
Ukraine: AMKR to purchase special equipment and repair two patient rooms of Kriviy Rih Municipal Clinic
PJSC ArcelorMittal Kriviy Rih granted a certificate for total amount of 3 million UAH to purchase special equipment and repair of two patient rooms in the burn ward to Kriviy Rih Municipal Clinic No. 2 of Dnipropetrovsk Region Council. Kriviy Rih has big medical center – Kriviy Rih Municipal Clinic No. 2 of Dnipropetrovsk Region…Details
In January-July Donetsk region (without the antiterrorist operation zone) decreased output by 12.9% YoY. Coke output in July increased by 7% MoM, but decreased by 12.8% YoY, while metal manufacture decreased by 9.4% and by 25.9% respectively. Coal mining in 7 months totaled 6.4 million tons, down by 23.7% YoY. Pig iron output decreased by…Details
In January-June Sibcable increased enameled wire output by 25% YoY, to 2198 tons. Enameled wire is used to produce and repair engines, electric starters and transformers. It is also used in elevator equipment, electric power plants, etc. Sibcable is the only enterprise over the Urals capable of producing enameled wire. At present it can produce…Details
In January-June Krasnoyarskugol became the leader in power-generating coal mining and sales among Russian Coal enterprises. Coal mining increased by 23% YoY, to 3.2 million tons, while sales rose by 31% because of the growth of deliveries to power generating companies and for exports. In the long-term the Russian Coal Group of Companies will increase…Details
Aleksandrinskaya Mining Company is improving the system of transport and miners positioning at its copper-zinc mine “Chebachye”. Investments will total 5 million rubles. The system started operating in 2016. As the mine is constantly increasing in size, the system needs to be increased as well. This year 57 new antennae will be assembled in the…Details