Metalloinvest will pay 18.999 billion rubles of dividends for 2017. The corresponding decision has been taken at the general meeting of the shareholders taking into account the net debt/EBITDA ratio of 1.9x Last year Metalloinvest net profit increased by 21.9% YoY, to $1.406 billion, with revenue up by 46.2%, to $6.231 billion and EBITDA by…
In July Ukraine intends to produce 1.8 million tons of steel and pig iron each, as well as 1.6 million tons of rolled metal. According to Ukrmetallurgprom, as of June 12, 20 of the 21 blast furnaces, 8 out of 9 open-hearth furnaces, 13 out of 16 converters, 7 out of 15 electric arc furnaces…
The citizens of Donetsk, occupied by pro-Russia terrorist forces, report a massive fire at the Kuibyshevskaya mine. They also publish photos and videos of the fire in social networks. The mine has been officially closed since 2009, while its administration building burned down this April. (Ukrainian metal)
VIZ-Stal has commissioned new crane machinery in the cold-rolling shops. The project valued at over 30 million rubles will improve industrial safety and manufacturing efficiency. The lifting capacity of the new bridge crane is 22 ton, up by 2 tons from the previous model, which will increase transportation volumes by 10%. Energy saving equipment used…
Yuzhniy Kuzbass is attracting a subcontractor to work at the Bereovsky-1 site of the Olzheransky Pit. The Region-42 LLC will be using 2 Komatsu excavators, a drilling rig, a Caterpillar bulldozer, a grader and 7 quarry dump trucks with the lifting capacity of 130 and 160 tons. June coal output is expected at 25 thousand…
In January-May Magadan region obtained 8.363 tons of gold and 297.8 tons of silver, up by 794.2 kg and by 1.3 tons YoY respectively. The Tenkinsky city district was the leader in ore gold mining having provided 4.5 tons of gold. Alluvial gold output totaled 1106.3 kg, with Susuman city district providing the most –…
Since the start of the year Gaysky Mining and Processing Works has received 15 units of mining machines. In particular the company received two Boomer S1 D drilling machines and two Charmec 1610 Be Chasis machines. The company has also acquired two Hencon TransVers Mixer machines to transport concrete mixture. This year Gaysky GOK will…
Rusal has appointed Elena Bezdenezhnykh the vice president on regional policy and cooperation with authorities. She will be managing the subdivisions responsible for cooperation with regional and federal authorities. Elena Bezdenezhnykh has been previously working with Norilsk Nickel as the vice president, state secretary since 2015. She started working in the metal industry in 1995.…