The Government of the Republic of Armenia, through its Ministry of Territorial Administration and Infrastructure, has expressed its commitment to good governance of the mining sector by joining the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF). “We are pleased to welcome Armenia as the IGF’s 75th member,” said Greg Radford, Director, IGF.…
Evraz board of directors has decided to pay interim dividends for 2019 in the amount of $0.4 per ordinary share. The total amount of dividends will reach $580.8 million. Last year EVRAZ paid interim dividends of $0.35 per share ($508.17 million). (Ukrainian metal)
The United Metal Company has started modernizing rolling manufacture at Chusovoy Iron and Steel Works. A new rolling mill will be installed at the works capable of producing over 200 thousand tons of rolled metal per year. Investments total 3.6 billion rubles. The machinery will be assembled in late 2020. The first products will be…
Karelsky Okatysh has added three Komatsu HD785 dump trucks to its fleet. This is the first time that this model starts operating in Severstal. The lifting capacity of each truck is 91 tons. “Previously Karelsky Okatysh used Komatsu trucks with the lifting capacity of 217 tons. The advantage of the new model is that it…
In three years, under its project to exchange secondary gases with Zaporozhkoks, Zaporizhstal has decreased natural gas consumption by 240 million cubic meters. In 2016 the company modernized the gas pipeline and gas machinery at Zaporozhkoks. This allowed switching to the use of coke-blast furnace and natural-blast furnace gas mixes in rolling shops, resulting in…
The Central Commercial Court of Appeals has amended the ruling of the Dniepropetrovsk Region Commercial Court, which has approved the claims of creditors to Dneprovsky Iron and Steel Combine for the total amount of 87 billion UAH. In particular, Metinvest Holding LLC demands 20.7 billion UAH, Dneprovsky By-Product Coke Plant – 8.5 billion UAH and…
Russia is the world’s third largest coal exporter after Indonesia and Australia with a share of 15%, Energy Minister Alexander Novak said on February 27. “The exports are very important and have doubled since 2011. Russia occupies the third position in the world after Indonesia and Australia by coal exports. We hold a 15% share…
Sberbank, VEB and UGMK have signed base indicative conditions to finance the project to develop the Korbalikhinskoye polymetal deposit in Altai region and reconstruct the Rubtsovskaya processing factory to increase its capacity to 1.5 million tons of ore per year. The total cost of the project is 38 billion rubles. The company intends to borrow…