At the Extraordinary General Shareholders’ Meeting (EGM) held on December 21, NLMK shareholders approved the payment of Q3 dividends of 6.04 rubles per share. The date upon which the shareholders entitled to Q3 dividends would be determined was set as January 9, 2019. January-September dividends will amount to 17.01 rubles per share. The Shareholders’ Meeting…
In November Ukraine decreased steel output by 11.2% YoY, to 1.66 million tons, retaining the 13th place in the rating of 64 countries-manufacturers of steel compiled by World Steel Association. China increased output by 10.8%, to 77.62 million tons, securing the first place. As a result of 11 months Ukraine also holds the 13th place…
Mariupol Ilyich Iron and Steel Works has signed an agreement with Energomashspetsstal on the delivery of 1 thousand tons of rolls for the sheet-rolling shop-1700. The tenders took place in March and August. EMSS will supply back up and vertical rolls for hot-rolling mill. The rolls have to be supplied in H1 2019. (Ukrainian metal)
Since commissioning of the rail and beam mill, Chelyabinsk Iron and Steel Works has shipped 2 million tons of metal. Sections accounted for 54% of the products shipped and rails – 46%. The rail and beam mill was commissioned in 2013. So far it has mastered the manufacture of 55 types and sizes of flanged…
The mine named after Kirov, a part of SUEK-Kuzbass, has met its annual target in advance, having extracted 5 million tons of coal. Despite its age (the mine was created in 1935), it is one of the most advanced mines in Russia. Investments in the mine development in the past 6 years totaled 12 billion…
Karelsky Okatysh has put into operation the second stage of the complex to thicken tails. It will decrease electricity expenses and environment impact. The first stage was commissioned in 2016 and allowed thickening some 30% of tails. The stage comprises 2 thickeners with the diameter of 36.5 meters. The second stage is a thickener with…
Highland Gold Mining has received a right from the Federal Antimonopoly Service to finalize the deal to purchase gold-extracting assets in Chukotka Autonomous District from Aristus Holdings Ltd (Cyprus), owned by Roman Abramovich and his partners. The volume of the deal is $91 million, including $78.7 million to be paid in HGM shares (over 38.621…
This year Ukrzaliznytsia intends to sell metal scrap valued at 300 million UAH. According to the enterprise CFO Andrei Ryazantsev, Ukrzaliznytsia now stores some 2 billion UAH worth of scrap. “This is not only cars, but also various assets, like rails”, he noted. The enterprise also has 16 thousand old cars for sale as scrap.…