Magnitogorsk metal ware and calibration plant MMK-Metiz (a part of the ММК Group) is implementing a large-scale investment program to develop new types of metal products and modernize existing facilities. The estimated CAPEX exceeds 2.5 billion rubles. The modernization is planned for 2017-2019 and is aimed at strengthening the company’s position as a leading supplier…
PJSC Magnitogorsk Iron and Steel Works announced that an Extraordinary General Meeting of shareholders was held on September 28 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 1.589 rubles (including tax) per share for the second quarter of 2018. The dividend will be paid in cash…
Prices of gold and platinum increased, while the silver and palladium prices decreased in Azerbaijan on October 2, according to the data published by the Central Bank. The price of gold grew by 7.5055 manats, to 2,027.5985 manats per ounce on October 2 compared to the price on October 1. The price of silver dropped…
Permanent Representative of Tajikistan to the United Nations Makhmadamin Makhmadaminov spoke about the risks of uranium waste and called for assistance in the reclamation of uranium waste, according to the information department of the Ministry of Foreign Affairs of the Republic of Tajikistan. Makhmadamin Makhmadaminov spoke at the event “People and the Planet: Central Asia…
PJSC ArcelorMittal Kriviy Rih has purchased a new bus ZAZ А07А12 for the city that is already on route No. 244. It shuttles the residents of suburban villages (Rakhmanovka, Stepnoe, Rudnichnyi) to the highway and back. These villages are situated about 23 kilometers off the highway. The new bus will make the passengers commuting more…
In September Energomashspetsstal shipped 170 tons of roll products to Ukrainian companies. According to the company statement, in particular, it produced supporting and working rolls for hot- and cold-rolling mills. The rolls were shipped to Zaporizhstal, Mariupol Ilyich Iron and Steel Works and Evraz DMZ. (Ukrainian metal)
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…