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…