Metinvest appoints Yuriy Ryzhenkov as CEO
He was previously the Chief Operating Officer at DTEK.
Metinvest announces financial results for 6 months of 2013
In the first six months of 2013, consolidated revenues totalled US$6,515 million. EBITDA reached US$1,243 million, up 14% year-on-year, while the EBITDA margin increased by 3 percentage points (pp) to 19%.
Black Iron Inc. and Metinvest B.V. finalize arrangement to develop Ukrainian iron ore assets
Metinvest B.V. announces that the company has executed definitive agreements to form a development arrangement with Black Iron Inc. and to invest in Black Iron, which is currently a wholly-owned subsidiary of Black Iron. The agreements create a defined path for Metinvest to become a prominent shareholder of Black Iron's development projects, the Shymanivske Project and the Zelenivske Project, each located in Kryvyi Rih, Ukraine. Provisions of the agreements between Black Iron and Metinvest require Metinvest to make an initial investment of US$20 million in BKI Cyprus to help fund the Projects, with potential investment amounts thereafter expected to increase during construction of the Projects to approximately US$536 million.
Alexey Pertin's Greetings on Steelworker's and Miner's Day
Dear colleagues, professionals of steel making and mining industries!
For many years, your work has been shaping welfare of Ukraine that takes its rightful place among the world's largest producers of iron and steel.
SCM and SMART transferred to Metinvest blocks of shares in five assets
On July 08, SCM Group, as envisaged in its agreement with SMART Group, transferred to Metinvest Group the following blocks of shares: 23.5% of shares in Central GOK, 15.0% of shares in Northern GOK, 26.0% of shares in Zaporizhia Coke and 31.3% of shares in Donetsk Coke. SMART Group transferred 3.1% of shares in Ingulets GOK.