Metal Supply and Sales Magazine, News of the russian metallurgical industry

Russian ferrous metallurgy news
| 02 Feb 2018 | 14:56

TMK Paid Off Eurobonds In The Amount Of US$231 Million

TMK Paid Off Eurobonds In The Amount Of US$231 Million TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January 2018 (ISIN: XS0585211591) in the total nominal value of US$ 231 million on January 29, 2018. The US$500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK Capital SA on January 27, 2011 to finance a loan to PAO TMK. Part of the issue in the amount of US$269 million was repurchased earlier under...
Russian non-ferrous metallurgy news
| 13 Feb 2018 | 13:15

RUSAL to complete a feasibility study for an industrial-scale scandium plant in 2018

RUSAL to complete a feasibility study for an industrial-scale scandium plant in 2018 RUSAL intends to complete the development of a feasibility study in 2018 for the construction of a scandium oxide production unit at one of its Russian operations. Such a development adds to the Company completing another series of pilot-scale tests in 2017 to recover scandium oxide from red mud on its new unit constructed at the Urals Aluminium Smelter (UAZ). The technology encompasses processing red mud from alumina refineries and making scandium oxide as a by-product. This advancement boasts...