Russia Metals and Mining

Norilsk Nickel places $1 billion of eurobonds

Norilsk Nickel has placed 7-year Eurobonds for $1 billion at 5.55% per annum, a source in banking circles reported. “Yesterday, the oversubscription was double, and today the demand before the order book was closed exceeded $6 billion,” – a source, who is familiar with the placement process, said.
“This is interesting and not expensive security. They managed to place bonds at the lower limit – 5.55% - due to the high demand,” – the source added.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

KVV Group has entered DEMZ

The Ukrainian holding KVV Group uniting the scrap metal collecting companies has entered under the governance of Donetsk electric metal works JSC (DEMZ), the President of the Ukrainian secondary metals association (UAVtormet) V. Gureyev says.
KVV Group will be engaged with raw and scrap metal supplies to the enterprise whereas another source claims that the Group has allegedly bought up to 50% in DEMZ.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Russian Railways to plan to increase tariffs for coal transportation from Kuzbass to the Far East

Russian Railways plans to increase tariffs for coal transportation from Kuzbass to the Far East by 13%, the newspaper Vedomosti reports.
Coal companies have opposed the Russian Railway’s initiative. According to the edition, they will lose 20-30% of their incomes due to tariffs indexation and will have to decrease production and transportation expenses by the same amount.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Loan for development of the largest deposit approved

Participants of the exhibition Innoprom-2013 – Ural Bank of Sberbank of Russia and Russian copper company continue to cooperate within agreement, concluded at the exhibition of industry and innovations.
As the JustMedia was reported by the press centre of the Ural Bank of Sberbank of Russia, the bank approved application of the group Russian copper company on financing of the Tominskoye deposit development and construction of an ore-dressing and processing enterprise. The total value of the project is 44.4 billion rubles, 30.2 billion of which will be allocated by Sberbank, and the remaining amount will be own funds of Russian copper company. The credit lines will be opened for up to 10 years.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Russia can contest the EU antidumping duties in WTO

In the near future, Russia can contest in the WTO the EU antidumping duties introduced against the Russian metal and chemical products. Thus, the argument of Russia and the EU in WTO which broke at the beginning of October around the car recycling tax can transform to a full-fledged trade war.
The newspaper Kommersant has written today that Russia claims from the EU to stop the usage of the method of ‘energy corrections’ in its anti-dumping investigations against the Russian goods, referring to several sources in the Government. In their opinion, the method gives to the EU an opportunity to find dumping even if it’s absent in fact. The annual losses of the Russian producers from the anti-dumping measures is $500 million. One of the sources claims that the point of the fees calculated with the usage of ‘energy corrections’ to several goods can be brought up for discussion in WTO in the next few weeks.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

RMK to borrow a 30.2 billion RUR credit from Sberbank for Tominsky GOK

The Russian Copper Company (RMK) will borrow a 10-year credit from Sberbank to finance the project of the Tominsky mining and concentrating complex (GOK).
The Ural bank of Sberbank approved the application of Russian Copper Company (RMK) Group for 10-year credits at the amount of 30.2 billion RUR. The credit is needed to finance the Tominskoe copper deposit and construction of a mining and concentrating complex (GOK).
The total value of Tominsky GOK project makes up 44.4 billion RUR. The project is financed in the framework of the agreement of cooperation signed by the Chairman of Ural Bank, Vladimir Cherkashin and the Chairman of the Board of Directors of RMK Group, Igor Altushkin at the Innoprom exhibition in July 2013.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Production of semi-finished aluminium products gets a second wind?

In January-September 2013 production of primary aluminium increased only by 2.2% compared to the analogous period of 2012, is said in the materials of the Federal Statistics Service.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

RusAl gain $275 mln in court from Tajik “Talko”

The Swiss Arbitration Court ruled that the Tajik aluminium plant (Talko) is to pay out $275 million to Hamer Investing Ltd, UC RusAl’s subsidiary, for the incurred loses, inclusive all legal costs, is said in a statement of UC RusAl.
The payments include $112.7 million (the cost of alumina and other raw materials, supplied by Hamer Investing to Talko on partnership basis in 2003), loss of opportunity (shortfall in profits) at $147 million and legal costs at about $14.56 million.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Gold production in Chukotka grows by 19%

In January-September of the current year, subsoil users of the Chukotsky Autonomous District increased gold production by 19% as compared with the same period of the last year to 16.4 tons. The production of silver fell by 16% to 12.7 tons, the Adviser of the Department of Industrial Policy, Construction and Housing and Public Utilities of the regional Administration Elena Kopat reported.
Today the main volume of precious metals production falls on enterprises, which develop ore mines: the Chukotskaya mining and geological company, the mine Karalveem, the mine Valunisty, the companies Maiskoye and Severnoye Zoloto.
From the beginning of the year, the Chukotskaya mining and geological company produced 10.1 tons of gold at the Kupol deposit that is by 0.71 tons less than in the same period of 2012, and 114.4 tons of silver that is by 28.7 tons less as compared with the level of the last year.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In the first 9 months of 2013, Russia decreased production of almost all non-ferrous metal

In January-September of 2013, Russia decreased the production of primary aluminium by 11.4% and nickel by 4.5% as compared with the same period of the last year, the Russian Statistics Service reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer