On May 22 VSMPO-Avisma held an annual shareholders meeting. A part of the undistributed profit for 2017 in the amount of 10.34 billion rubles was spent to pay dividends (890.45 rubles per ordinary share). The board of directors was also paid 76 million rubles of the work in 2017. Revision commission members received 2.45 million…
This year Polymetal will continue prospecting works at the Primorskoye deposits in Magadan region. The main personnel will arrive at the site in early July. The deposits are located in a hard-to-reach area, and the road there takes some 2 days. 60 people will be working at the site. The reserves of the Primorskoye deposits…
The board of directors of Chelyabinsk Zinc Works has recommended the shareholders meeting not to pay dividends for 2017. All the net profit of the company in the amount of 5.37 billion rubles has been suggested to be left undistributed. According to the company statement, the meeting will take place on June 30. In 2016…
Zlatoustovsky Electrometallurgical Works has confirmed its reputation of competitive supplier of high quality steels and alloys both to domestic and foreign markets. In May the company concluded an agreement with a well-known manufacturer from Hungary. The trial batch of metal already produced will be shipped in June. (Ukrainian metal)
Yanolovo is negotiating the financing of the Tirekhtyakh Brook alluvial tin deposits development with a Chinese company. The start of the development is planned for 2019. B+C1 balance reserves of the deposit amount to 68.4 thousand tons of tin, enough for 26 years of development. The size of the deposits is 15.61 square kilometers. The…
Ural Aluminum Works has produced the 50-millioth ton of alumina. Of this amount some 25 million tons of aluminum were produced, enough to construct 60 million bodies of Range Rover or 225 million engines for Lada Vesta. The UAZ alumina shop was commissioned in August 1939. “Following the large-scale modernization of 2015-2017, the works can…
The terrorist organizations of the Lugansk and Donetsk People’s Republics, created and supported by Russia, intend to start producing large diameter pipes within the cooperation program of Alchevsk Iron and Steel Works and Khartsyzsk Pipe Works. Both companies are controlled by Vneshtorgservice of the fugitive oligarch Sergey Kurchenko. The electricity line will be repaired soon,…
A bus, transporting employees of the Ingulskaya mine of the state enterprise Vostochniy Mining and Processing Works got into a road accident in Kirovograd region. According to the Independent Miners’ Union of Ukraine chairman Mikhail Volynets, some miners were injured. “The bus was driving to the mine when it hit and overturned the truck refrigerator…