The Norilsk Nickel board of directors has decided to hold the annual shareholders meeting as absentee ballot. The meeting will take place on May 13. The board recommends paying 557.2 rubles per ordinary share as final dividends for 2019 (around $7.3). Thus, it is proposed to spend 8.2 billion rubles ($1.2 billion) to pay dividends.…
In January-March, Mechel-Service sold around 350 thousand tons of metal products, up by 3% YoY. The increase in beams and steel ropes sales reached 65%, belts – 58%, rebars – 26% and wire – 21%. Stainless sheet sales demonstrated the highest increase – 147%. (Ukrainian metal)
Gold production at the Kumtor Mine in 2019 was 600,201 ounces or 18,668.35 kg, Centerra Gold Inc. reported. Gold sales in 2019 were 600,231 ounces or 18,669.28 kg with a revenue totaling $827.5 million. Contribution to the national budget in taxes and mandatory payments in 2019 was more than 14.8 billion soms. The Dore bars…
In January-March, Ferrexpo increased pellets output by 7.4% YoY, to 2.725 million tons. In particular, manufacture of pellets of ore with the iron content of 62% decreased by 31.8%, to 73.3 thousand tons, but with iron content of 65% grew by 9.1%, to 2.652 million tons. It is expected that sales in Q1 will reach…
The occupational administration of Russia has liquidated two mines – Novopavlovskaya and Miusinskaya – by way of flooding. “These mines were situated in the town of Khrustalniy (previously called Krasniy Luch). Until 2014 they were a part of the state enterprise Donbassantrazit”, the Verkhovanay Rada human rights ombudsman in Donetsk and Lugansk regions Pavel Lysyanskiy…
This year, Electrostal intends to increase the number of its subsidiaries – now it has eight. “We prepare the ninth. Sales are expected to increase by 20%. We try to make sure that prices in our subsidiaries are 20-30% below market prices. This is achievable, as we are working without middlemen”, the company CEO Nikolay…
Kirov Non-Ferrous metals Processing Works has successfully passed the inspection in the “Made in Russia” system of voluntary certification. The company has received official documents Russian Exporter and Made in Russia and has been added to the Registry of conscientious exporters, which makes it more recognizable on foreign markets. Before issuing certificates, the experts of…
In 2019, Uchaly Mining and Processing Works increased net profit 5-fold YoY, to 1.09 billion rubles. Revenue totaled 22.06 billion rubles, up by 0.5% YoY. Sales profit grew from 302 million rubes to 1.1 billion rubles. (Ukrainian metal)