Izhorsky Pipe Works has shipped some 2.7 thousand tons of large diameter pipes for the construction of the Sila Sibiri (Power of Siberia) gas pipeline, which will connect the Russian part of the project to the Chinese gas-transporting system. ITZ has produced and supplied pipes of 1420 mm diameter of the K65 steel. “Izhorsky Works…
Izhstal has finished repairing the steel-smelting complex, producing continuous-cast billet of a wide range of steel grades. The complex produces cast billets of structural, alloyed, stainless, speed, bearing and spring steel. Its capacity is 300 thousand tons per year. It produces 80% of all the liquid steel manufactured at the works. The steel-smelting complex consists…
In January-September Norilsk Nickel produced 157.1 thousand tons of nickel, down by 11% YoY. At the same time copper output increased by 10%, to 290.87 thousand tons, platinum remained on the same level – 493 thousand ounces, while palladium went up by 2%, to 2.03 million ounces. In Q3 the company produced 54.17 thousand tons…
Dmitry Bosov, together with his partners actively developing coal business, could obtain a problem asset in Kuzbass – the Zarechnaya company with the reserves of some 400 million tons of power-generating coal. The Trade-Industrial Union LLC, connected with the Razrez Kiyzasskiy of the managing company Vostokugol (owned by Bosov and Alexander Isaev), has purchased debts…
In January-September Norilsk Nickel decreased net profits by 23.16% YoY, to 97.706 billion rubles ($1.7 billion). According to the company statement, revenue decreased by 1.09%, to 307.314 billion rubles ($5.344 billion). Gross profit dropped by 3.6%, to 177.832 billion rubles ($3.092 billion), sales profit – by 3.74%, to 153.219 billion rubles. Profit before taxation was…
In Q3 Raspadskaya mined 2.6 million tons of coal, down by 15% YoY. The intensification of mining operations allowed compensating for a scheduled decrease of Raspadskaya mine output. In 9 months the group yielded 8.6 million tons of coal, up by 17% YoY, mostly because of the stable operation of three long faces at the…
The coalmine, where three local residents died, was closed a year ago, press service of the office of the government’s authorized representative in Batken region reported. Three people died of carbon monoxide poisoning in Garym area of Samarkandek rural administration. Rescuers raised their bodies from a depth of 85-92 meters. According to the representative office,…
At a meeting on October 27, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q3 dividends of RUB 5.13 per share at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on December 22. Q3 dividend yield will total 15.5%. NLMK Board of Directors has also recommended that the…
