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The board of directors of the Russian gold producer Polyus has set the price of its secondary public offering (SPO) at $66.5 per share, the company said in a report on June 30. Polyus planned to offer from 7% to 9% of its capital, including $400 million worth of new shares and existing securities, including…
DetailsInternational rating agency Fitch has improved its outlook on ratings of the Russian pig iron producer Koks Group to Stable from Negative as liquidity risks have shrunk after the placement of $500 million worth of 2022 bonds at 7.75%, the agency said. “At end-May the Fitch-calculated liquidity ratio improved to well above 2x, a level…
DetailsAzerbaijan’s AzerGold CJSC sold a batch of gold and silver on the world stock exchange, gaining profit worth $20.905 million (35.6 million manats). “72 gold-silver alloys extracted by AzerGold at the Chovdar mining complex processing gold-bearing ores in Azerbaijan’s Dashkesan district were sent for refining to the world-renowned Argor-Heraeus gold refinery in Switzerland,” AzerGold said…
DetailsAk-Tyuz processing plant will resume its work on condition of payment of salaries to its employees, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev declared. According to him, the day before, negotiations with the management of Georezerv TK CJSC lasted till night. They promised to pay…
DetailsThe state enterprise Lvivugol has received 4 million UAH to purchase equipment and modernize mines. According to the Lviv regional state administration press-service, the money in the first place will be used to modernize the Vozrozhdeniye, Lesnaya and Stepnaya mines. This will increase Lvivugol output and improve coal quality. This year the Ministry of energy…
DetailsIn the second half of the year Ormet, a part of Russian Copper Company, will start mining for chalcopyrite ores at the Luchistoye deposits in the Orenburg region. The company has already started constructing the quarry with the capacity of 55 thousand tons of ore per year. The deposits reserves are estimated at 112 thousand…
DetailsArcelorMittal Temirtau has put into operation its sintering machine No. 6 after an overhaul. The company spent some 3 billion tenge on repairs. The overhaul was carried out in 75 days. Last year AMT repaired its sintering machine No. 7. Next year sintering machine No. 5 will be repaired. (Ukrainian metal)
DetailsInterpipe Ukraine LLC has won the tender of Ukrgazvydobuvannia to supply 18.71 thousand tons of casing pipes valued at 905.986 million UAH. According to the ProZorro system, other two lots for the delivery of 4.19 thousand tons of pipes valued at 205.9 million UAH were won by Bilis LLC. In the course of the auction…
DetailsIn May average Ukrainian export price of iron ore decreased by 24% MoM, to $59.1 per ton, while exports grew by 4%, to 3.7 million tons. In January-May iron ore exports dropped by 11% YoY, to 15.7 million tons. Deliveries to local metal works in May increased by 1% MoM, to 2.694 million tons. In…
DetailsZagorsky Pipe Works and POSCO have become strategic partners. According to ZTZ press-service, the companies have signed an agreement on the delivery of rolled sheet for the manufacture of large diameter pipes. The decision to become partners has been taken after POSCO supplied 10 thousand tons of X70 steel sheets in March-April. ZTZ specialists liked…
DetailsMetal companies have produced a half of pipes for the Nord Stream-2 pipeline. Now the pipes are being covered with concrete. According to the contract Russian companies will produce 1.3 million tons of pipes, or 60% of the total volume. (Ukrainian metal)
DetailsThe Mariupol Ilyich Iron and Steel Works specialists have found a way to decrease the usage of the diesel fuel. “The idea was suggested by the diesel electric locomotive operators, who transported hot slag from blast furnaces to the slag processing shop. To decrease fuel consumption the operators have changed the algorithm of their usual…
DetailsIn January-May Corum Group increased exports by 6% YoY. “We exported mostly drill-loading machines, transformer substations and trolleys. We shipped to Kazakhstan, Russia, Poland and Estonia”, the company said. In 2016 Corum exports increased by 34% YoY. “In 2016-2017 we supplied 4 tunneling machines to Kazakhstan, 2 drill-loading machines, 5 reloaders and scraper conveyors, 3…
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