Metinvest could lose $30 million a month because of the economical blockade of Donbass, according to Dragon Capital. The company notes that Metinvest had to stop operation at two of its enterprises, which were its main asset. On February 21, Yenakievo Iron and Steel Works and Krasnodonugol, situated on the occupied territory, stopped operation because…
Metinvest mining and metal company in January paid $2.747 million of interest under the eurobonds due in 2016-2018 being restructured. According to a report on the Irish Stock Exchange, the amount is equal to 30% of accrued and unpaid interest under the notes from and including December 31, 2016 up to but excluding January 31,…
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, announces that the English court has sanctioned the scheme of arrangement to implement its financial restructuring. Following a court hearing on January 17, the English court ordered that separate meetings of (i) the holders of certain notes issued by the…
In 2016 Metinvest enterprises produced 29.64 million tons of iron ore concentrate, down by 8% YoY. Pellets output decreased by 8% YoY, to 6147 thousand tons, because of the increase of local consumption. (Ukrainian metal)
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest”), announces its operational results for the fourth quarter and the 12 months of 2016. In Q4 2016 Metinvest’s overall hot metal output decreased by 5% QoQ, 2,211 thousand tons, as production dropped at Azovstal, Ilyich…
For the past 4 years the share of Metinvest in the manufacture of iron ore concentrate hasn’t dropped below 64% in the total Ukrainian volume. In 2013 the share of 4 Metinvest mining and processing works (SevGOK, InGOK, CGOK and UGOK) in the national production of iron ore concentrate was 66%, in 2014 – 66%,…
Following the results of the first half-year of 2016, 11 members of the management team of Metinvest received $6 million. They are: Yuri Ryzhenkov, CEO, Yuliya Dankova, financial director, Alexander Pogozhev, metallurgical division director and acting director of mining division, Oleg Tokar, industrial safety and ecology director, Svetlana Romanova, legal issues director, Dmitry Nikolayenko, sales…
In 2017 Metinvest Group is going to invest UAH 7.4 billion in Ingulets, Central and Severniy Mining and Processing Works, up 4 times YoY. By investing in GOKs the group demonstrates its commitment to ramp up production, improve product quality, cut costs, and create a comfortable working environment for its employees. Updated production equipment, overhauled…