The Pipe Metal Company held an annual meeting of the shareholders in Yekaterinburg on June 8. The shareholders have elected the board of directors and the revision commission. Ernst and Young LLC has been appointed the auditor. The meeting decided to pay dividends for 2016 in the amount of 1.96 rubles per ordinary share (2.024…
American pipe manufacturers suspect the Canadian company of the Russian Evraz in dumping. They have also said that the pipe imports from Canada threaten the national security. Pipe manufactures have called on the authorities to limit imports. American manufacturers are dissatisfied with the decision of Cheniere Energy to choose Evraz as the main supplier of…
In January-May Ukraine increased rolled metal export revenue by 20% YoY, to $2.7 billion. According to Ukrmetallurgprom, in 5 months Ukraine exported 6.2 million tons of rolled metal, down from 7.8 million tons in January-May 2016. The export share in the total volume of rolled metal produced dropped to 83% from 84%. The share of…
Rosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 10 million tons of coal this year. The milestone ton was loaded on June 12 onto Post-Panamax Nordic Odin, the 151st vessels handled from the year beginning (the 11th in…
The state-owned nanotechnology company Rusnano plans to sell its 49.89% stake in the Eterno facility, a white metallurgy joint venture with Chelyabinsk Pipe-Rolling Plant, or ChelPipe, for at least 4.72 billion rubles, Rusnano said in a statement on June 13. Preliminary bids are collected until July 5, the company plans to close the deal until…
The Ukrainian Stock Exchange intends to stop sales of Alchevsk Coke and Chemical Works, Alchevsk Iron and Steel Works and Zaporizhstal shares. According to the stock exchange, the decision has been taken because the companies have not disclosed their annual information. At the same time, the decision can be cancelled, if the companies disclose their…
The state enterprise Pervomayskugol intends to sign an agreement with Komsomolskaya Central Processing Factory to process coal valued at 15.96 million UAH. The purchase will be made based on the negotiation procedure, as the tender for the services has already been cancelled twice. The enterprise wants to order the processing of 168 thousand tons of…
As of mid-June Balja LLC has washed 67 kg of gold. The washing season started in May. In the first month the company obtained 42 kg of gold. According to the company CEO Valery Gurevich, this year it plans to yield 420 kg of gold. Balja is developing the alluvial gold deposits in the Kyrin…