The board of directors of the Russian steelmaker Severstal recommended paying 35.43 rubles per share, or a total of about 29.68 billion rubles, in dividends for January–March, the company said. The shareholders will consider the recommendation at an extraordinary general meeting scheduled for June 7, the register for the meeting will close on May 13,…
Gazprombank is looking for a strategic investor for the gold-extracting company Petropavlovsk to buy a share in IRC. According to a major Petropavlovsk shareholder Kenes Rakishev, who owns 22.42% in the company, a major steel company could be such an investor. He didn’t give any names though. At the same time the sale will be…
Mechel reports that the supervisory board of the Fund of industry development of the Ministry of Industry and Trade has approved providing a loan to Beloretsk Iron and Steel Works to carry out a project to modernize steel wire and rope manufacture. The cost of the project is 1.5 billion rubles, and the loan will…
Cherepovets Iron and Steel Works has finished the assembly of the automated system of the coke-oven batteries Nos. 5 and 6 heating model. The total cost of the modernization was some 80 million rubles. Severstal Russian Steel investment department and CherMK coke shop No. 1 employees together with the subcontractors have equipped a control room…
In H2 Interpipe will start selling raw railroad axles on Ukrainian and CIS markets with the initial volume of 5 thousand pieces. According to the company statement, the start of sales was made possible to Interpipe NTZ passing all the test stages, receiving the manufacturer’s mark and the certification of the industrial batch of axles.…
In January-February, export prices increased by 11.1% YoY, and import prices – by 8.5%. In particular, ferrous metals export prices dropped by 5.3%, ferroalloys – by 3%, aluminum – by 2.7%, copper – by 2.3%, zinc – by 1.5% and chromium ores – by 1.7%. At the same tine coal prices grew by 14.7%, copper…
In 2022 Russian Copper Company intends to commission a mining and processing works within the project to develop Malmyzh gold-copper-porphyry deposit in Khabarovsk region. “We are currently performing geological and prospecting works. We are also designing the location of the main premises of the factory. The launch of the GOK is scheduled for 2022”, RCC…
RIAK, the plant that produces aluminum sections in Ingushetia, intends to double its output volumes. “From November, the company will reach its planned capacity of 6600 tons per year, thus increasing its output 2-fold”, the company CEO Magomet Tumgoyev said. The plant was opened in 2012, and the second stage launched in April 2018. 80…