In 2016 Lemtrans transported 60.2 million tons of various cargoes by rail in total. Coal and iron ore account for the biggest share of shipped cargo. In particular, the company transported 24.72 million tons of coal and 19.94 million tons of iron ore. The biggest growth was seen in the transportation of coke: a 46.8%…
Russia’s Magnitogorsk Iron and Steel Works may allocate 60% of its free cash flow on dividends for July-December 2016, the company said in a statement. “On the back of strong profitability and lower debt load, the company’s management decided to recommend that the board of directors pay dividends representing 60% of free cash flow for…
The blockade of coal supplies from the occupied territories threatens national security, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting. “As for the blockade, I strongly oppose any smuggling, and the result of this struggle is additional 18 billion UAH in budget proceeds. I agree that we need to stop the movement of…
In January Ukrainian companies increased ferroalloys output by 35% YoY, to 89.72 thousand tons. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output totaled 66 thousand tons, up by 31.77% YoY, ferromanganese output – 13.88 thousand tons, up by 75%, and ferrosilicon – 8.89 thousand tons, up by 13.25%. Metallic manganese production went up…