Severstal, one the world’s largest vertically integrated steel and mining companies, announces the results of voting following an extraordinary general meeting of shareholders held on September 14. Severstal’s shareholders approved the payment of a dividend of 45.94 rubles per share for the three months ended June 30. The record date for this dividend payment is…
In January-June Metinvest B.V. increased investments 2.2-fold YoY, to $420 million. Metal segment accounted for 64% of investments (37% in H1 2017), mining – 35% (61%) and corporate expenses – 1% (2%). In particular, Mariupol Ilyich Iron and Steel Works received $122 million ($35 million), Azovstal – $76 million ($20 million), SevGOK – $51 million…
Next year the government intends to provide 659.7 million UAH to shut down and maintain closed coalmines and coal-processing enterprises. According to the budget draft, the funds will be spent to prepare 3 coalmining enterprises for liquidation. There are also 16 projects to shut down enterprises and maintain 2 water-pumping complexes. (Ukrainian metal)
Markland LLC has received 9 orders from state mine groups on the delivery of goods and provision of repair services valued at 75.16 million UAH. Mirnogradugol has placed an order valued at 50.86 million UAH, Selidovugol – 21.43 million UAH and the Mine named after Surgay – 2.88 million UAH. In particular, the largest order…