On October 1 Belarus Iron and Steel Works shipped the 1.8-millionth ton of metal cord. This is the result of the operation of steel wire shops Nos. 1 and 2 since the start of the metal wares manufacture at the works. In January-September BMZ produced 68 thousand tons of metal cord. This year the products…
Russian Copper Company has become the owner of the project to develop a major gold-copper-porphyry deposits Malmyzhskoye in Khabarovsk region having purchased the license from IG Copper and Freeport McMoRan Exploration for $200 million. In particular, RCC has bought the operator of the deposits – Amur Minerals, created as a joint venture by IG Copper…
ChTPZ has concluded agreements on the cancellation of contracts of ChTPZ and PNTZ share pledge with its bank-creditors – Gazprombank and VTB. At present the group has no pledges on its loan portfolio. “The constant work to improve operation, control of our loan pledges and a constructive approach on behalf of the banks allowed us…
In July Metinvest increased its EBITDA by 0.9% MoM, to $233 million. Revenue dropped by 1.3%, to $1.082 billion. In 2017 Metinvest EBITDA grew 1.77-fold YoY, to $2.044 billion, while revenue went up by 43.5%, to $8.931 billion. (Ukrainian metal)
The shareholders of Russian titanium giant VSMPO-Avisma have approved paying 756 rubles per share, or 8.7 billion rubles, in dividends for January-June, the company said in a report on October 4. The record date is scheduled for October 12. VSMPO-Avisma paid 762.68 rubles per share in dividends for January-June 2017. State industrial corporation Rostec holds…
Prices for gold, silver and platinum decreased, while the palladium prices increased in Azerbaijan on October 4, according to the data published by the Central Bank. The price of gold dropped by 16.065 manats, to 2,033.88 manats per ounce on October 4 compared to the price on October 3. The price of silver fell by…
Cherepovets Iron and Steel Works has entered an active phase of the blast furnace No. 3 construction. The foundation for the blast furnace has been laid. “The construction of the blast furnace complex is carried out without shutting down the manufacturing process. The specialists are also assembling conveyers to transport sinter”, Severstal Russian Steel CEO…
According to the Russian Railways information, in September cargo transportation totaled 104.5 million tons, up by 0.7% YoY. In January-September transportation grew by 2.7%, to 962.3 million tons. In particular, iron and manganese ore accounted for 86.5 million tons, up by 5% YoY. Ferrous metals transportation increased by 9.9%, to 58.8 million tons, and scrap…