The meeting of the Polyus shareholders has determined the payment of dividends for the first half of 2018 in the amount of 131.11 rubles per ordinary share. According to the company statement, the total amount is 17.35 billion rubles, or $235.2 million. This corresponds to 30% of EBITDA in H1. The date upon which the…
Light-alloy drilling pipes, manufactured by Arkonik Russia, have confirmed the correspondence of their characteristics to the standards. The testing has been done in the shafts of the Tagrinskoye deposits in Western Siberia. “For half a century the reliability of our aluminum pipes has been providing for the qualitative drilling in extreme conditions. We are proud…
Uralskaya Kuznitsa has successfully passed the audit of its products. As the result of the inspection the specialists of the Ufa Motor-Building Manufacturing Enterprise checked the quality management system for the production and delivery of goods for the aviation industry. The company purchases forgings of heat-resistant alloys for gas-turbine engines. Thanks to the special characteristics…
In January-August Ukrainian companies increased rolled metal consumption by 4.64% YoY, to 3.137 million UAH. According to statistics, 948.5 thousand tons were imported. Imports increased by 14.62%. (Ukrainian metal)
IFG Metals & Mining and the State Committee on Geology and Mineral Resources have signed an exclusive agreement on the prospecting and development of 7 tungsten deposits. Under the agreement a tungsten cluster will be created in Uzbekistan. Investments in 25-30 years will reach $300 million, and some 1500 jobs will be created. IFG will…
In September Ukraine produced almost 2.8 million tons of coal, down by 1.5% from the plan, the Coal Miners Union of Ukraine reported with a reference to the data provided by the Energy and Coal Industry Ministry. “In September coal mining enterprises of Ukraine of all forms of ownership produced 2,781,626 tons of coal. The…
Russian Prime Minister Dmitry Medvedev has signed a ruling to hold a 413.07-million ruble auction. The right to develop the Zapadny Kara-Kulsky bismuthiferous copper and cobalt ore site in the Altai region will be sold, according to the ruling published on the government’s website on October 2. (Prime/Ukrainian metal)
The founder and co-owner of USM Holdings, a well-known Russian businessman of Uzbek origin Alisher Usmanov talked about his plans to invest in projects in Uzbekistan. Speaking about business projects in Uzbekistan, Usmanov, first of all, noted the Uzbek metallurgical complex. “I will help only in business. The companies I own, where I am a…
