Russia Metals and Mining, Legal

Russian steelmakers want to export without surcharges.

The government is thinking about canceling the extra charge for JSC Russian Railways.
As "the Kommersant" informs, the government agreed to consider the complete abolition of export charge to the tariff of JSC Russian Railways on the transport of steel products. Steelmakers raised this topic at a meeting of with the Deputy Prime Minister Arkadiy Dvorkovich, fearing that they cannot maintain export volumes in 2016, and thus lose the right to the cancellation of extra charge under the current monopoly conditions. At the same time FAS believes that it is necessary to separately consider "each case". Experts believe that steelmakers need to provide an additional influx of goods.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

MMK has collected 182 mln roubles from Uralvagonzavod

​MMK has won the case against Uralvagonzavod on the collection of 182 mln roubles.
The Arbitration Court of the Sverdlovsk region satisfied the claim of MMK on the collection of 182 mln roubles of debts by the agreement of supply from Uralvagonzavod.
Today Uralvagonzavod reported that the corporation has been awarded one of the most prestigious professional awards in Russia for the buyers and suppliers “Leader of competitive purchases” for the third time.
Uralvagonzavod is a Russian corporation that develops and produces military equipment, road construction machines, railroad cars.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Stockholm Arbitration Court made a decision in favor of Norilsk Nickel

The Stockholm Arbitration Court satisfied the requirements of MMK Norilsk Nickel and collected 11.01 mln euro of the main debt, 2.42 mln euro of interest and 607 thousand euro of expenditure for the Arbitration proceedings from InterBAU (Czech).
In the process of reconstruction of the air separation shop of the oxygen station #2 of the Nadezhdino metallurgical plant, in 2010 Norilsk Nickel attracted InterBAU a.s. to execute the works on the replacement of the air separation block #1. The amount of the contract made up 49.6 mln euro.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Severstal decided to make Voronezhselmash bankrupt

​“Severstal-Distribution” has filed a claim on the bankruptcy of Voronezhselmash to the Arbitration Court of Voronezh.
The claim was filed on September 25th.
The basis for bankruptcy claim by the distributor of the steel making company was the decision of the Vologda Arbitration Court made in June. The Court collected 875 thousand roubles of penalty from Voronezhselmash.
In September the decision of the Vologda Arbitration Court was confirmed  by the Court of Appeal but it can be put in question within 2 months. However, Voronezhselmash hasn’t filed a cassation appeal against it as yet. Voronezhselmash acknowledged the presence of the main debt by the supply agreement at the volume of over 800 thousand roubles and put in question the collection of a penalty of 37 thousand roubles. However, there is a demand to collect 875 thousand roubles again in the bankruptcy claim of “Severstal-Distribution”.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Arbitration Court of Kemerovo has rejected a claim against Mechel on the collection of 4.2 bln roubles

​The Arbitration Court of Kemerovo has rejected the claim of “Rudservice” against “Yuzhny Kuzbass” (in the structure of Mechel). This is the 5th claim filed by Rudservice since last December. The claimant thinks that it had losses due to the non-execution of obligations by the supply agreements by Yuzhny Kuzbass.
The Arbitration Court of the Kemerovo region has rejected the claim of Rudservice Ltd, majority shareholder of “Tomusinsky Mine” OJSC, on the collection of 4.2 bln roubles from the majority shareholder - Yuzhny Kuzbass.
The basis for this claim is not released. However, Rudservice has filed 4 claims against Yuzhny Kuzbass on the collection of losses for the total amount of over 23 bln roubles in December 2014-April 2015, one of the claims – on the collection of 7.6 bln roubles – has been considered by the Court of first instance.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Infringements at the "Raspadskaya" mine.

Director of JSC "Raspadskaya" was handed an application to eliminate violations.
Information on the results of a routine inspection at JSC "Raspadskaya".
Within the period from 12.05.2015 to 05.29.2015 the Kemerovo Interdistrict Prosecutor's Office overseeing the implementation of laws in the coal mining industry audited compliance with the legislation on labor protection and industrial safety at JSC "Raspadskaya".

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

"Ufaleynickel" goes back to the lender.

Binbank can be the owner of the plant.
As the "Kommersant" writes, the second nickel producer in the Russian Federation "Ufaleynickel" of the Timofeyevs brothers’ Highmetals KDS group should depart for the debts to the largest creditor - Binbank of Michael Shishkhanov. The board of directors of Ufaleynickel "already had the former partners of Mr. Shishkhanov in developer Group PIK - its co-founder Yuriy Zhukov and head of the Klever Asset Management investment company Gregory Shirin. It will be difficult to find buyers for the loss-making "Ufaleynickel", a source of "the Kommersant" in the industry informs.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

VTB makes its way to the warehouses of 'Mechel'. The distribution network of the company was arrested according to the claim of the bank.

Problematic "Mechel" of Igor Zyuzin could lose one of the biggest traders - Mechel Service Global (MSG), which sells about 50% of steel products of the holding. The Court of The Hague has already arrested 100% of the MSG shares in the framework of the dispute between VTB and "Mechel" in the London arbitration. VTB has already filed lawsuits abroad to other traders of the group. According to analysts, with no sales "Mechel" network is at risk of losing about a quarter of EBITDA - or about $ 250 million in 2015.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

VTB files a claim against "Mechel" in the High Court in London.

The Bank requires security measures on the syndicated loan of $ 1 billion.
VTB Bank, one of the three largest creditors of "Mechel", has filed a lawsuit to the company into London's High Court, demanding that security measures on the syndicated loan. In Russia the bank has already sued the company for 50 billion roubles, and requires 63 billion roubles in the courts of Switzerland and Singapore from the subsidiaries of "Mechel".

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Aleksey Mordashov hands over "Severstal" to his deputy.

Aleksey Mordashov hands "Severstal" to his deputy to pursue other projects.
The founder and owner of "Severstal" Aleksey Mordashov gives operational control to his deputy Vadim Larin, and he instead will lead the company's board. As Mr Mordashov explained "the Kommersant", a number of other businesses required his attention - in particular, the "Siloviye Mashiny", "Sveza" holding with the pulp mill project in Vologda and global tour operator TUI, in which the businessman may increase package.

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