Ukraine: Metinvest gets Pokrovskoye Mine Group

Metinvest has indirectly become a shareholder in the Pokrovskoye Mine Group, the largest coking coal manufacturer in Ukraine.

Since Q2 2017, 57.29% of Pokrovskoye have been transferred from Donetskstal to Industrial Coal Holding LLC (ICH).

At present Metinvest B. V. holds 24.99% in ICH. (Ukrainian metal)

Ukraine: Metinvest reduces debt

Metinvest, the vertically integrated group of steel and mining companies, has repaid a part of its pre-export finance (PXF) facility ahead of schedule and demonstrated its commitment to reducing its debt further following the successful completion of the debt refinancing in April. That transaction, the largest ever of its kind by a Ukrainian corporate, refinanced…

Ukraine: Metinvest loses 15 thousand employees in 2 years

Metinvest has placed on its Facebook page a video, where it says that it employs 80 thousand people all over the world.

In December 2015 Metinvest claimed having employed 94 thousand people.

Such a drastic decrease is explained with the loss of control over assets on Ukraine-uncontrolled territory. (Ukrainian metal)

Ukraine: Metinvest successfully completes largest ever refinancing by Ukrainian corporate

Metinvest, the vertically integrated steel and mining group of companies, has announced the completion of the refinancing of its $2.271-million debt, consisting of the issuance of two tranches of bonds and the amendment and restatement of its pre-export finance (PXF) facility. As a result, Metinvest issued $1.592 million in new bonds and secured $765 million…

Ukraine: Antimonopoly Committee prohibits Metinvest from buying Dneprodzerzhinsk Coke

Metinvest intends soon to eliminate all the claims from the Antimonopoly Committee of Ukraine to purchase Dneprodzerzhinsk By-Product Coke Plant. “We’re preparing an offer to the Committee, which will satisfy them and allow us getting the green light to buy the plant”, Metinvest CEO Yuri Ryzhenkov said. The official refuse was received in March. “There…