ArcelorMittal Kriviy Rih has received a right to continue extracting ore in the mine named after Artem, as the legislative collisions have been removed. AMKR received the initial right to operate at the mine in 2007. The license was granted for two sites. In 2014 operation at one of them was suspended. In 2015-2016 the…
Shareholders of Marganets Mining and Processing Works could spend 9% of the net profit for 2018 in the amount of 163.2 million UAH to pay dividends. The decision will be taken at the next meeting scheduled for January 16, 2020. One of the suggestions is to transfer 5% of the profit (8.16 million UAH) to…
In October Uralskaya Kuznitsa produced a record number of locomotive axles. In 10 months over 12 thousand axles were sold. “We have exceeded the record of 2013. That year we produced 11.2 thousand locomotive axles. But now, in just 10 months we have manufactured more axles. That’s the largest output in our history”, the company…
In 2017-2019 Rusal invested some 2.6 billion rubles in modernization of Bogoslovsky Aluminum Works and Bogoslovskaya Thermoelectric Plant. In particular, the company has finished the project to modernize alumina manufacture, resulting in the output increase by 55 thousand tons with a considerable drop in prime cost. The thermoelectric plant sees its main machinery repaired. (Ukrainian…
In September Russia exported 10.8 thousand tons of flat aluminum, down by 4% MoM, but up by 13% YoY. Deliveries to Poland dropped by 28%, to 3.2 thousand tons, but to Finland and Ukraine grew by a third, to 1.5 thousand tons and 802 tons respectively. In 9 months exports totaled 93 thousand tons, up…
Governor of the North Kazakhstan region Kumar Aksakalov noted that overburden works started on the Syrymbet tin deposit. It is the first subsoil user in the region. The record amount of investments, some KZT 100 billion was channeled to the project. Construction of the mining complex will start next year. It will create 600 new…
In September Russia exported 4.9 thousand tons of long-rolled aluminum, down by 5.5% MoM and by 7.8% YoY. Deliveries to Germany dropped by 10%, to 924 tons. At the same time exports to Kazakhstan grew by 4%, to 764 tons, and to Belarus by 2%, to 518 tons. In 9 months exports totaled 48.5 thousand…
Pokrovsky Mining and Processing Works (previous name – Ordzhonikidze GOK) could spend 95% of its 2018 net profit (385.47 million UAH) to pay dividends. The decision will be taken at the next shareholders meeting scheduled for January 14, 2020. The first suggestion was to send 5% of the profit (19.27 million UAH) to the reserve…
