Russia: Olbot to extract 100 kg of gold

During the current washing season the Olbot gold-extracting team LLC intends to extract at least 100 kg of gold. The company is washing for gold on the territory of Susuman district of Magadan region in the valleys of the Bolshoy Khatynakh and Sabygyl-Stanovoy brooks. Olbot started its washing season in May. This year the gold…

Russia: Kolmar to supply coking coal to India

Kolmar could start regular sales of coking coal to India in summer 2020. “We have signed spot contracts with Indian partners. The sales could start in the first quarter of 2020 with the launch of the Vanino port. I believe, next year the exports will become regularly”, Kolmar Group board of directors’ chairwoman Anna Tsivileva…

Russia: Posco Deawoo visits Amurstal

Amurstal hosted a meeting with the delegation of Posco Deawoo. In 2018 a contract was signed for the delivery of 300 thousand tons of steel billets. “The Torex group of companies is selling the billets via two major companies – Samsung and Posco Deawoo. With them we have contracts. In the past two years Amurstal…

Ukraine: AMKR to spend 10.8 billion UAH to pay dividends

ArcelorMittal Kriviy Rih intends to spend 10.8 billion UAH to pay dividends. This amount corresponds to 2.81 UAH per ordinary share.

The dividends will be paid via the Ukraine’s depositary system.

AMKR is the largest manufacturer of rolled steel in Ukraine.

Mittal Steel bought 93.02% of Krivorozhstal in 2005 for 24.2 billion UAH. (Ukrainian metal)

Vietnam Steel Exports Rise

Vietnam News reported that Vietnam steel exports have reached almost USD 2 billion so far this year an increase of almost 15% compared to the same period in 2018. According to the General Department of Customs, Viet Nam’s steel exports in July rose by 4.7% from the previous month. The steel exports saw an increase…