Esmark Inc. sole valid bidder for Zelezara privatization

chair of the Commission for the implementation of the Strategic Partnership model for the privatization of the Serbian steelworks, said Friday. Esmark should acquire an 80.01 stake in the steelworks and Bojkovic expects the ... More


Zelezara wins gold SAP quality award

Zelezara Smederevo received top recognition for excellence in the implementation of SAP (Systems, Applications and Products) software solution in the SAP competition at the level of Central and Eastern Europe. Gold was ... More


Italian metallurgical company Metalleghe will build in Mrkonjic Grad another plant, which will open 100 new jobs.

The new plant of the company in Bosnia and Herzegovina includes new industrial furnace, accompanying equipment and laboratory for the production of the silicon metal and it will be completed within 24 months. Complete range of ... More


Viohalco Group announces 889.5-mln-euro syndicated loan

Viohalco Group on Monday announced the signing of a series of five-year syndicated loans worth 889.5 million euros to refinance its subsidiaries' debt obligations. More specifically, ETEM announced the refinancing of part its ... More


45.64% of the Unis company shares will be offered at the Sarajevo Bourse

A total of 1,900,000 shares of the BiH metal processing company Unis owned by the state will be put up for sale on the bourse for some 7.52 million BAM (3.8 million euro) on 5th December. The price of the shares, which will ... More


Greek metals industry opposes Larco's split privatisation process

The Greek metals industry on Thursday intervened in a privatisation process of Larco metallurgical company and recommended that the company be privatised in full operation and as a single entity with all of its assets, including ... More


Viohalco shareholders to discuss cross-border merger plan

Viohalco's shareholders are expected to examine a board plan for a cross-border merger between Viohalco SA and the Greek-listed Viohalco Hellenic Steel and Aluminium Industry SA in an extraordinary general shareholders' meeting ... More


Bulgarian Bank Moves to Kill Largest Metal Factory

All workers at the troubled OTzK Kardzhali, Bulgaria's largest non-ferrous metal works, will be shortly fired, according to media reports. The news comes just days after Bulgarian First Investment Bank, one of the indebted ... More


Croatian company makes giant boiler for Airbus

Croatian steam boiler company Orometal from Oroslavje in the Krapina-Zagorje County in northern Croatia has just delivered its largest steam boiler in the companies history, which is to be used in the production of Airbus ... More


Zelezara Smederevo temporarily halts production

The management of Zelezara Smederevo decided on Tuesday to put the second blast furnace into hibernation in the first week of July because of the need to change the way the company is funded. "At this moment, we cannot ... More


Danielli decide to investment in Serbia

Executive Director of the Italian company Danielli Franco Alzetta stated that the company is yet to adopt a decision on potential investments in Serbia after it recently renounced the plans for construction of the factory in ... More


Smederevo steel mill looking for partner

The Ministry of Finance has issued a public call for a strategic partner for the Smederevo steel mill, based on the conclusions adopted by the Serbian government , and the deadline for bids expires May 4. Detailed information ... More


Early to talk new steel mill owner, Ciric

Serbia's Minister of Economy and Regional Development Nebojsa Ciric said there are interested strategic partners and buyers for the Smederevo steel mill, but it is still early to talk about a new owner. "It remains to be seen ... More


Serbian Gov’t concern for U.S. Steel Serbia

For the possible reacquisition of U.S. Steel Serbia, the Serbian government will not raise additional loans. Instead, the money will be secured through the redistribution of the budget, Serbian Deputy Prime Minister Verica ... More


Dundee Precious Metals to explore for minerals near Krumovgrad

Bulgaria's government will grant Balkan Mineral and Mining, a unit of Canadian Dundee Precious Metals (DPM), a three-year metal exploration permit for a site in southern Bulgaria, the cabinet's media office said. The Iran Tepe ... More


Gov't defines legal amendments to help TLM company

Amendments to the electricity market law, which the government sent to parliament today, enable electricity providers in Croatia to sell power abroad when this is in the state's interest, which will provide for the supply of ... More


Aluminium and steel industries source of employment and main exporter in BiH

Aluminium and steel in Bosnia and Herzegovina has a long history and great potential, especially when it comes to human resources and natural resources. The main producer of iron and steel in BiH is ArcelorMittal Zenica, a member ... More


Bulgaria invites Arcelor Mittal to buy into Kremikovtzi

Bulgarian energy minister Traycho Traykov has invited Indian steelmaking heavyweight Arcelor Mittal to participate in the upcoming auction for the assets of state-run steel behemoth Kremikovtzi. Traykov has spoken to Arcelor ... More


OCK to upgrade lead production

Bulgaria’s Kardjali-based lead and zinc company OCK got the green light by the Ministry of Environment to go ahead with its first lead capacity upgrade project. The announcement was made by Roberto Mladenov, executive ... More


EC repeats call to get back state aid from Kremikovtzi

The European Commission (EC) reiterated its call to the Bulgarian government to take back the BGN 431.07 million provided to fund a major shake-up at the nation’s ailing steel behemoth Kremikovtzi. The company has ... More