Ferrexpo announces the payment of special dividends of $0.066 per share with the total amount of $40 million, or twice as much as in 2017. The decision has been taken with the view of the improved market situation in H2 2018 and good prospects for 2019. The board of directors will decide on the final…
The minister of energy and coal industry Igor Nasalik has suggested increasing the base price of power-generating coal in Ukraine by 10.5%. Thus, the price should grow from the current level of 2535 UAH (without VAT) per ton, set in April, to 2800 UAH. According to Nasalik, the base price increase is necessitated by the…
3 DESA filter bags are being installed at the gas-purifying machines at the Krasnoyarsk Aluminum Works. The size of the purification is 4 square meters, up 2-fold from the currently used filters. Over 2 thousand innovative filter bags have been installed in the gas-purification system. Since 2004 the company has been able to decrease pollution…
The Verkhovna Rada of Ukraine has prolonged the regime of exempting operations with ferrous and non-ferrous scrap from VAT till 2022. The corresponding bill has been voted by 248 parliament members with the necessary minimum of 226. VAT on scrap operations was cancelled in 2011. And then, in 2017, it was prolonged till January 1,…
Petropavlovsk has put into operation the processing of gold-containing concentrate at its first autoclave. As of early December 320 tons have been processed. The extraction is 93%, not much below the targeted 98%. The manufacture of gold from refractory ore, according to the company, will start in Q1 2019. The second autoclave is being commissioned,…
In November railroad sales of rolled steel and pipes by the major Russian companies totaled 5.05 million tons, down by 2.2% YoY. Deliveries to the local market dropped by 3.4%, to 2.73 million tons, and exports – by 0.6%, to 2.32 million tons. In January-November deliveries reached 57.8 million tons, up by 2.7% YoY. Local…
Precious metal prices varied in Azerbaijan on December 7. The price of gold increased by 0.238 manats, to 2,108.0935 manats per ounce on December 7 compared to the price on December 6. The price of silver grew by 0.0246 manats, to 24.6284 manats per ounce. The price of palladium decreased by 77.843 manats, to 2,039.915…
Baku Steel Company has concluded a deal worth $1.17 billion with China CAMC Engineering Co., Ltd. The agreement was signed by Deputy Director General of Baku Steel Company Mardan Aliyev and Deputy Director General of China CAMC Engineering Wang Yuhang. The document envisages the construction of the Azerbaijan Integrated Steel Mill Complex in Ganja. The…
Urangeo, a part of the state holding Rosgeologia, has started prospecting works for uranium at the Kuldur field of the Khingan plateau. The corresponding state contract was signed between Rosgeologia and the Department of subsoil use of the Far East Federal District in July. The work will be carried out in the Arkharinsky district of…
In January-October Kosaya Gora Iron and Steel Works increased ferromanganese sales by 2.3 thousand tons YoY, to 53.6 thousand tons.
In 10 months the works mined 62 thousand tons of ferromanganese, up by 9.1 thousand tons.
In January-October 2018 the company produced 52.9 thousand tons of ferromanganese and sold 51.3 thousand tons. (Ukrainian metal)
Cherepovets Iron and Steel Works has started an active phase of the project to assemble the coil-rewinding machine with the capacity of 650 thousand tons per year. The machine, to be situated in the metal finishing shop No. 2, will be rewinding pickled cold- and hot-rolled metal coils manufactured at mills 1700 and 2000. The…
Mikhailovsky Mining and Processing Works has successfully passed the integrated management system audit. The TUV SUD Management Service GmbH (Germany) experts have checked the energy management system for the compliance with ISO 50001:2011. The quality management system was check for compliance with ISO 9001:2015, labor and health safety management system – with OHSAS 18001:2007 with…
Gaysky Mining and Processing Works intends by the end of the year to have mined 8 million tons of copper ore. In 2021 the company plans to reach the output of 9 million tons. “Next year the investment program of Gaysky GOK will be 10 billion rubles, and will focus on developing the mine infrastructure”,…
NLMK Group, an international steel company, has signed a memorandum on industrial cooperation with electrical equipment manufacturers from the Eurasian Economic Union. NLMK plans to promote the development of the technology to manufacture next generation energy efficient transformers from high-permeability electrical steel (HGO). The memorandum has already been signed by transformer manufacturers from Russia, Belarus,…
Societe Generale has issued a $100-million prepayment to the Russian gold producer GV Gold for gold supplies, the company said in a statement on December 6. Under the deal, GV Gold receives the full sum, and will supply about 3,000 ounces, or 93.3 kilograms of gold per month in the next three years. Payment for…
Zaporizhstal has put into operation the blast furnace No. 4 after capital repairs.
Investments in the project totaled some 100 million UAH.
The repair lasted for 15 days.
The capacity of the blast furnace is 1.1 million tons of pig iron per year. (Ukrainian metal)