The new shareholders of Donetskstal have replaced the supervisory board, made amendments to the statutory documents and liquidated the revision commission. The decisions were taken at the meeting on September 11. In particular, board chairman Dmitriy Khristodulidi, as well as board members Mikhail Ilyashev and Natalia Lobacheva have been removed from the board. Instead Ruslan…
Bosch has named Severstal-Metiz the best supplier in Russia for its division of Automotive Aftermarket. Severstal-Metiz supplies calibrated steel for one of Bosch enterprises in Russia. The companies have been cooperating for over 7 years. “At present Severstal-Metiz rolled metal quality equals that of European analogues. Thus, our share in the client order structure is…
In August Russia exported 129 thousand tons of ferrous scrap to Belarus. According to the railroad statistics, this is up by 20.2% YoY. In January-August scrap exports totaled 885.2 thousand tons, up by 17.8% YoY. (Ukrainian metal)
Since the start of the year Kemerovo region has yielded 121.2 million tons of power-generating coal and 46.7 million tons of coking coal, up by 5.3% YoY. Coal pits have yielded 108 million tons, and mines – 59.9 million tons. In August the region mined 22.2 million tons of coal (20.3 million tons in August…
In August Khabarovsk region yielded 3.3 tons of gold and 6.9 tons of silver. In 8 months gold output totaled 16.4 tons, with 13.1 tons being ore gold. Silver output reached 37.7 tons. Gold manufacture grew by 9% YoY, while silver dropped by 6%. By the end of the year the region intends to have…
Severstal, one the world’s largest vertically integrated steel and mining companies, announces the results of voting following an extraordinary general meeting of shareholders held on September 14. Severstal’s shareholders approved the payment of a dividend of 45.94 rubles per share for the three months ended June 30. The record date for this dividend payment is…
In January-June Metinvest B.V. increased investments 2.2-fold YoY, to $420 million. Metal segment accounted for 64% of investments (37% in H1 2017), mining – 35% (61%) and corporate expenses – 1% (2%). In particular, Mariupol Ilyich Iron and Steel Works received $122 million ($35 million), Azovstal – $76 million ($20 million), SevGOK – $51 million…
Next year the government intends to provide 659.7 million UAH to shut down and maintain closed coalmines and coal-processing enterprises. According to the budget draft, the funds will be spent to prepare 3 coalmining enterprises for liquidation. There are also 16 projects to shut down enterprises and maintain 2 water-pumping complexes. (Ukrainian metal)