Shares of NLMK Group, an international steel company with operations in Russia, the United States, and Europe, were raised to the First Level quotation list, the premium-listing segment for securities admitted to trading on the Moscow Exchange. A First Level listing means that a company must meet the high standards of corporate governance, market capitalization…
The SCM Group corporate social responsibility results for January-June 2016 consolidated in course of preparations of the Group’s non-financial report. In H1 SCM Group paid 16.92 billion UAH in taxes to local and national budgets, showing a 7.7% rise YoY. The company invested about 6 billion UAH in modernization of its production facilities, a similar…
The minister of energy and coal industry of Ukraine Igor Nasalik has dismissed Alexei Potanin from the office of the acting general director of Lisichanskugol. According to the company statement, Potatin has been in the office since mid-June, following Boris Perepelitsa, who has been in charge for some 3 months. Lisichanskugol mines energy-generating coal and…
After 2 years of idleness Zaporozhye Aluminum Works has resumed the operation of it’s aluminum wire rod line. The shop started producing 9.5, 12.5 and 15.1 mm aluminum wire rod of A7E and A5E 15-20 kg aluminum ingots. On the first day the works produced 40 tons of wire rod. The manufacturing capacity of the…
The Dniepropetrovsk Commercial Court of Appeals has refused to satisfy the appeal of Interpipe Niko Tube as to the decision of the Commercial Court of Dniepropetrovsk region of June 6. According to the decree, the company being a guarantor has to pay Alfa-Bank 1.2 billion UAH of loan debt of Nizhnedneprovsk Tube Plant. (Ukrainian metal)
Russian billionaire businessman Viktor Vekselberg is weighing the purchase of a stake in aluminum giant UC Rusal from Mikhail Prokhorov’s Onexim Group, Vekselberg said. The acquisition is being “seriously considered”, Vekselberg noted, declining to give any details on the terms of a potential deal. Onexim made informal approaches this year to sell its 17% stake…
The minister of energy and coal industry Igor Nasalik has not cleared all the salary debts to state miners by the Miners’ Day. He promised to do this in mid-July. As of August 31, the employees of at least one mine haven’t received their salary, those of Novovolynskaya No. 10, who have blocked the road.…
On September 1, Metinvest created the operational directorship on the basis of its mining and metal divisions. “Thus the group completes the process of creating the vertically integrated structure of the company under the Technological strategy of 2010”, Metinvest reported. The main goal of the transformation is the better cooperation of mining and metal assets,…
