The Ministry of energy and coal industry reports that the state enterprise National Coal Company will begin full-scale operation in 2-3 months. According to the deputy minister Anatoly Korzun, the enterprise will optimize the structure of the coal industry management and considerably improve financial conditions of mines. The company will unite 19 state enterprises containing…
The board of directors of Norilsk Nickel has set the date for the annual shareholder meeting – June 28. The board has recommended to set dividends for 2017 on the level of 607.98 rubles per ordinary share ($9.8). The total volume to be spent on paying dividends is 96.2 billion rubles ($1.562 billion). Taking into…
Uralelectromed has demonstrated the highest quality of refined gold, having confirmed its international status of Good delivery. The status has to be confirmed by LBMA members every three years. Uralelectromed has been a member of LBMA since 2006. For three years UEM has been producing 10.5 tons of gold per year. (Ukrainian metal)
Evraz ZSMK has signed an agreement with Air Liquide to construct a new oxygen complex to supply air separation products for the technological needs of the company. The project will provide the works with the state-of-the-art machinery, 30% more energy efficient than the old one. In three years 2 blocks of air separation with the…
The Magnitogorsk Iron and Steel Works (MMK) is the largest supplier in Russia of rolled metal for the production of pipes and is constantly strengthening and expanding its cooperation with pipe producers, mastering new products that meet modern requirements. This position was announced at the 8th All-Russia Conference “Steel Pipes: Production and Regional Sales” by…
The PJSC Magnitogorsk Iron and Steel Works (MMK) won the 2018 Award of Excellence in Energy Management from the Clean Energy Ministerial (CEM), a high-level global forum that promotes policies and programs to advance clean energy. An independent panel of international experts selected only three organizations worldwide for this top honor in energy management. The…
Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, has left the company’s board of directors to protect holders’ interests due to the U.S. sanctions, the company said on May 25 in a statement on the Hong Kong Stock Exchange. Earlier in May Deripaska left the board of directors of En+ Group, which…
First Deputy CEO and CCO of Port Management Company LLC Irina Olkhovskaya and General Director of Management Company of First Heavy Haul Company Vladimir Sosipatorov have signed a Memorandum of Cooperation to develop the innovative technology for heavy haul freight application on railway network: heavy haul 27-ton axle load railcars. The agreement was signed on…
