In 2019 KAZ Minerals produced 311.4 thousand tons of copper, up by 6% YoY. Gold output grew by 10%, to 201.5 thousand ounces mostly due to high contents in Bozshakol and Bozymchak ores. Aktogay GOK produced 123 thousand tons of copper of sulfide ore, up by 16%, and 22.7 thousand tons of cathode copper of…
The board of directors of Chelyabinsk Pipe Plant, or ChelPipe, has approved a new dividend policy, which envisages payments at least twice a year, tied to the net debt to earnings before interest, taxes, depreciation and amortization (EBITDA) ratio as a balancing mechanism for financial sustainability. The company will pay dividends of no less than…
The general meetings of the shareholders of Marganets Mining and Processing Works, Pokrovsky Mining and Processing Works, Nikopol Feroalloys Plant and Zaporzhye Ferro Alloy Plant were not held. It was supposed to settle the issue of dividends for 2018 at the meetings. MGOK intended to spend 95% of its net profit for 2018 (UAH 163.19…
In January Ukraine decreased steel output by 2.7% YoY, to 1.8 million tons. Pig iron manufacture dropped by 5.1%, to 1.7 million tons. At the same time, Ukraine increased rolled metal production by 4%, to 1.63 million tons. (Ukrainian metal)
In 2019 Bratsk Ferroalloys Works sold 30 thousand tons of ferrosilicon FS75, up by 57% YoY. The ferroalloy was mostly supplied to customers from the Asian-Pacific Region, where it was used to produce high-strength steel. “The sales growth is due to a large demand on the market,” the company noted. (Ukrainian metal)
In 2019 Chelyabinsk Iron and Steel Works increased rails and beams sales by 10% YoY, to 587 thousand tons. Rails, mostly with the length of 100 meters, accounted for 280 thousand tons, up by 35 thousand tons. RZD was the main customer, having purchased enough rails to construct over 2 thousand km of railroad. ChMK…
In November 2019 the exports of nickel long rolled products totaled 16.4 tons, down by 60% MoM and by 50% YoY. Deliveries to Latvia decreased by 52%, to 4.7 tons, and to Ukraine from 9.7 tons to 8.6 tons. In October 2019 India imported 12.5 tons of nickel, but did not buy it in November…
In 2019 Russky Ugol supplied 1.1 million tons of coal from Krasnoyarsk region to Russian and foreign customers, up by 10% YoY. This coal is extracted at the Sayano-Partizansky Pit with the reserves of 1.5 billion tons. The pit was commissioned in 1991. (Ukrainian metal)