Polyus intends to get the results of the engineering survey on constructing a mining and processing works at the Sukhoy Log gold deposits in Irkutsk region in autumn. The company will spend some $30 million on Sukhoy Log this year out of its total expenses of $850 million. The share of Polyus in the Zoloto…
In January-March Russia exported 931.9 thousand tons of aluminum valued at $1.827 billion, up by 8.5% and by 27% YoY respectively. According to the Federal Customs Service, nickel exports dropped by 11%, to 33.7 thousand tons, valued at $444.2 million, up by 20%. Copper exports reached 175.9 thousand tons valued at $1.2 billion, up by…
Evraz, belonging to Roman Abramovich, Alexander Abramov and Alexander Frolov, could decrease the charter capital of Evraz Plc by $1.43 billion to pay dividends to the shareholders. The Evraz dividend policy adopted in March presupposes annual payments of not less than $300 million. But in 2017 the company paid $860 million, and both investors and…
The state enterprise Krasnolimanskaya Coal Company (Donetsk region) has been included in the list of 26 enterprises to be privatized, as approved by the government. The enterprise is subject to the Ministry of energy and coal industry and is being privatized under the decree “On the peculiarities of privatization of coalmining enterprises”. (Ukrainian metal)
Gazprombank has opened a loan of 54.4 billion rubles for 12 years to finance the development of the Tominskoye copper-porphyry deposits in Chelyabinsk region to Tominsky Mining and Processing Works, a part of Russian Copper Company, and has also given the first tranche of 7 billion rubles. The development of the Tominskoye deposits and construction…
In January-March Russia imported 1.82 million tons of ferrous metals, up by 29.9% YoY. In March imports grew by 35% MoM, to 0.7 million tons. According to the Federal Customs Service, ferrous metals imports, not counting pig iron, ferroalloys, wastes and scrap, totaled 1.356 million tons, up by 12.2% YoY, with 0.522 million tons imported…
In January-March Severstal-Metiz increased exports by 44% YoY. This was a record-high result in the past 5 years. Most of the customers were from the EU. The main export items were the products of high-carbon steel grades. (Ukrainian metal)
ArcelorMittal Kriviy Rih has mastered the manufacture of a new product according to the Israeli standards – the vanadium-alloyed weldable rebars S500W 25 mm. The first batch of such rebars weighing 1 thousand tons has already been shipped to Israel from the Nikolaev Trade Sea Port. The main advantages of these rebars are their weldability…