Metals and Mining
Company Overview of Metinvest Holding, LLC
Metinvest Holding, LLC, through its subsidiaries, operates an integrated mining and steel company. The company produces iron ore raw materials; coke and coal products; and semi-finished and finished steel products, including slabs, billets, rolled products and pipes, carbon steel plates, hot-rolled coils, shapes and bars, rails, grinding balls, rails fasteners, large diameter pipes, and other value-added products. It also offers cargo transportation services that range from railway carriage to port operations; and customs clearance, cargo expediting, freight quantity control, laboratory tests, chartering of seaborne vessels, and ship's agency services. In addition, the company provides flux ...
117, Postysheva str
Founded in 2006
Key Executives for Metinvest Holding, LLC
Director of Human Resources
Director of Metallurgical Division
Compensation as of Fiscal Year 2015.
Metinvest Holding, LLC Key Developments
Metinvest Holding, LLC to Supply New 20G2AF Grade Steel to DTEK Pavlogradugol PJSC
Dec 21 15
Metinvest Holding, LLC has announced that it will supply around 150 tons of new 20G2AF grade steel to DTEK Pavlogradugol PJSC. This product is made by Azovstal and is used for anchoring. To manufacture this product, Azovstal developed a manufacturing procedure to produce 20G2AF steel instead of standard St5ps steel.
Metinvest Group Enters into Standstill Agreement with Creditor Banks
Dec 7 15
On 1 December 2015, Metinvest Group entered into a standstill agreement with certain of PXF lenders providing a standstill until the end of January 2016. As part of a consent solicitation process in May-June 2015, the Group obtained noteholders' consent to waive certain events of default under each series of notes until the end of January 2016, as well as to extend the maturity of the 2015 notes to 31 January 2016. The PXF lenders' standstill and noteholders' waivers and maturity extension have created a stable platform for negotiating a restructuring deal over the coming months. Metinvest submitted a restructuring proposal to a coordinating committee of PXF lenders and the advisers to an ad hoc committee of noteholders at the end of November 2015. Restructuring discussions are ongoing.
Metinvest to Invest UAH 5.1 Billion in GOKs in 2015
Sep 24 15
Metinvest Group has announced plans to invest UAH 5.1 billion to develop Northern, Ingulets and Central iron ore mining and enrichment works, or GOKs, in 2014-15. The funds will be directed into long-term projects and to upgrade the equipment of the enterprises. Among the large-scale investment projects at Northern GOK is the construction of the mining and transfer complex at the Pervomaiskiy open pit mine worth UAH 2.94 billion. The project is designed to facilitate the further development of mining operations. In March 2016, the first start-up facility will be commissioned. The second start-up facility will be commissioned in December 2016. Investments at Central GOK are mainly directed at restoring and modernizing mining transportation equipment. In 2015, Metinvest Group plans to allocate UAH335.5 million for this purpose. Ingulets GOK commenced the construction of an iron ore transfer complex at its open pit mine. The total cost of the project is UAH 3.94 billion. The project is designed to reduce the cost of iron ore concentrate, a finished product. Currently, the first phase of mining and capital works has been completed. Project completion is planned for 2025.
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