The largest shareholder of Petropavlovsk, Kenes Rakishev (22%) commented on the lowering of the company credit rating. “The decrease of the gold-extracting company Petropavlovsk credit rating by Fitch from B- to CCC should not be dramatized. The results of the first half of the year led to this. We had a corporate conflict at the…
In August Severstal decreased sales by 0.1% YoY, to 488.6 thousand tons. This is the lowest level since July 2017. In January-August sales grew by 5.3% YoY, to 5.45 million tons. Russian customers received 3.66 million tons, up by 0.5%, while exports increased by 16.8%, to 1.8 million tons. (Ukrainian metal)
NLMK Group, an international steel company, is pleased to announce that RAEX (Expert RA) has assigned it the highest credit rating of ruAAA with a stable outlook, making NLMK Group the first metals and mining company to be awarded the highest rating by the agency. The rating acknowledges the company’s high creditworthiness and financial reliability,…
In January-June Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) transferred 1.3 billion UAH worth of taxes to budgets of all levels. In particular, PGOK transferred over 1.1 billion UAH, EGOK – 189.9 million UAH and BGOK – 5.3 million UAH. Poltava GOK paid 110 million UAH to the local budget, 141 million…
The land in Shyrokivskiy district of Dnipropetrovsk region for construction of tailing pond is in state ownership and possession was delivered to PJSC ArcelorMittal Kriviy Rih legitimately, explained Yuriy Martynyuk, General Legal Counsel of Legal Administration of the company. – Not all people are aware of this issue. Please explain, what was in the beginning?…
In August NLMK-Ural metal sales via railroad totaled 130 thousand tons, up by 13.4% YoY. In January-August sales grew by 13.3% YoY, to 900 thousand tons. Sales to Russian customers totaled 621.2 thousand tons, up by 26.1%, while exports dropped by 7.7%, to 278.8 thousand tons. (Ukrainian metal)
In August NLMK-Kaluga received 112.2 thousand tons of ferrous scrap via railroad. According to the railroad statistics, this is up by 2.8% YoY. In January-August scrap deliveries totaled 886.2 thousand tons, up by 9.1% YoY. (Ukrainian metal)
Polymetal has started processing raw materials from Latin America at its Amur Hydrometallurgical Works. “Amur HMW is operating like a hub. Since the second half of 2017 we have been processing concentrates of other companies. These are concentrates from the Far East, Siberia and even Kazakhstan. We have also processed a small batch from Latin…