In 2019 Interpipe sold 798 thousand tons of metal products, down by 7% YoY. Exports accounted for 76%, while domestic sales dropped from 28% to 24%. Pipe sales decreased by 11%, to 595 thousand tons, mostly due to a drop on the global market in H2 2019. Deliveries of pipes to Ukrainian companies went down…
In January Zlatoust Electrometallurgical Works exceeded steel output target. In particular, the company produced 4794 tons of liquid steel. The shop No. 2 exceeded target by 0.5% and No. 3 – by 3.6%. The rolling shop No. 1 produced 1964 tons of sections. Mill-750 output reached 2308 tons, up by 4.9%, and mill-400 – 547…
In 2019 Polyus increased net profit 4.1-fold YoY, to $1.944 billion. EBITDA grew by 44%, to $2.68 billion, and revenue – by 37%, to $4.005 billion. In Q4 2019 net profit increased 2.3-fold QoQ, to $697 million, EBITDA – by 25%, to $883 million, and revenue – by 20%, to $1.287 billion. (Ukrainian metal)
In January Priisk Solovievskiy produced 96.98 kg of gold, up by 46.3% YoY. At present gold is extracted only at the Solovievskoye deposit in Amur region. In the first month the company intended to yield 73 kg of gold. Thus, output exceeded the target by 32.8%. Alluvial metal is not extracted yet. Washing will start…
Severstal has signed an agreement with Kurganstalmost to supply 9.2 thousand tons of hot-rolled sheets for the construction of a bridge in the city of Cherepovets. The metal will be produced at the mill-2800 of Cherepovets Iron and Steel Works. From the sheets Kurganstalmost will make all the necessary metal structures for the bridge. Deliveries…
The Russian Finance Ministry has offered to raise the mineral extraction tax (MET) on non-hydrocarbon mineral resources to hurt the coal industry most. The ministry suggests a new addend to the coal MET, depending on the global energy and coking coal market situation. The addend will not be used once exports prices fall beyond a…
Olkon has started developing the Central Quarry. The license was acquired in July 2019. The site is situated near other quarries already in development. The deposits amount to some 6.8 million tons of iron ore. This year it is planned to mine some 350 thousand tons of ore there. The development of the quarry will…
The board of directors of the Russian gold producer Polyus plans to recommend paying $462 million in dividends for July-December 2019, the company said in a statement on February 11. “Based on the current number of shares, the expected amount of dividends is $3.5 per common share. The amount of dividend payments for the entire…
