In 2019, Magnitogorsk Iron and Steel Works (MMK) allocated more than 8.7 billion rubles for environmental protection, of which more than 5.3 billion rubles were spent on capital construction of new and reconstruction of existing environmental protection facilities. MMK allocated a further 3.4 billion rubles for on-going environmental protection measures including repairs and maintenance of…
NLMK Group, a global steel company, announces the approval of its Integrated Quality Management System Policy. A single corporate document now encompasses the company’s quality, environmental protection, production safety and energy efficiency goals and commitments. The policy has been approved as part of the development of the company’s Integrated Management System and meets the requirements…
Kazakhstan has presented the investment opportunities in the field of mining and metallurgy at the annual PDAC Exhibition and Conference in Toronto. The three-day industry event was attended by over 25 thousand people from 135 countries, the press service of Kazakh Invest informed. The Kazakhstan’s delegation included the Vice Minister of Industry and Infrastructure Development…
Russia’s aluminum exports decreased by 42.8% YoY, to 115,800 tons in January, the Federal Customs Service said on March 11. In monetary terms, aluminum exports fell by 39.7%, to $209.2 million in the period. Copper exports increased by 35%, to 59,600 tons worth $351.2 million, up by 33.7%. Nickel exports fell by 27.2%, to 8,500…
In 2019 Uzbekistan increased coal imports by 21.8%, to 706.8 thousand tons, valued at $20.3 million, up by 25.5%. The largest suppliers were Kyrgyzstan and Kazakhstan, which increased sales by 29%, to 556.1 thousand tons, and by 7.1%, to 136.5 thousand tons respectively. The price of Kyrgyz coal dropped from $26.06 to $25.78 per ton,…
Polymetal intends to start mining ore at the Primorskoye deposit in Magadan region in the second half of 2021. The reserves of the deposit are estimated at 3 tons of gold and 700 tons of silver. The deposit has rich ore – up to 5 kg of silver per ton. Polymetal bought the deposit in…
In December 2019, Russia exported 2.1 thousand tons of aluminum foil, up by 25% MoM and by 30% YoY. Deliveries to US grew by 34%, to 1.5 thousand tons, and to Belarus – from 278 to 297 tons. In 2019 exports totaled 29.9 thousand tons, up by 40% YoY, and in monetary terms – by…
While merging with Magadanmetallotorg, Susumanzoloto has increased its statutory capital by 5.249 million rubles. Prior to this the company capital was 5.220 million rubles. One ruble corresponds to one ordinary share. Thus, during the merge the number of shares increased by 28999 pieces. In 2019 Susumanzoloto net profit totaled 3.139 billion rubles, up by 52%…
