U.K.-based mining giant Evraz, which operates mainly in Russia, has no plans to change its dividend policy, Vice President for Finance Nikolai Ivanov said during the company’s investor day. “We are not considering any changes to our dividend policy as of today,” he said. Under the company’s dividend policy, it pays at least $300 million…
The blast furnace No. 3 of Mariupol Ilyich Iron and Steel Works has been shut down for capital repairs. The company intends to repair the furnace shaft, the blast furnace top and the charge loading equipment as well as modernize the furnace dust-exhaust system. The goal of the repair is to restore the blast furnace…
Shokpar and Gagarinskoye deposits have the reserves of over 21 tons of gold and 135 tons of silver. The reserves have been added to the state balance. In particular, the C1+C2 reserves of Gagarinskoye deposit amount to 2257.4 thousand tons of ore, 10104.3 kg of gold with the average content of 4.48 g per ton…
Uralelectromed has put into operation its second Outotec pelletizing furnace. The capacity of the machine is 2.6 tons of slurry per day. The operation of two furnaces will increase the efficiency of processing raw materials containing precious metals. The duration of smelting will decrease by 20%, while at the same time increasing the output of…
Severstal Board of Directors has recommended paying dividends for Q3 in the amount of 27.47 rubles per share. The decision will be taken at the extraordinary shareholders’ meeting scheduled for November 22. If the meeting approves of the decision, the date of creation of the list of shareholders liable for dividends will be December 3.…
In January-September Severstal received $1.393 million of net profit, down by 5.4% YoY. Revenue dropped by 2.7%, to $6.319 million EBITDA decreased by 6.2%, to $2.203 million. (Ukrainian metal)
Mechel has asked the Vice Prime Minister Dmitry Kozak to help return 50% of funds invested in the Donetsk Electrometallurgical Works (Ukraine). The company received DMEZ in 2009 under an agreement with A1. In 2 years Mechel bought the plant for $537 million with the funds borrowed from Alfa-Bank. The company had to pay the…
A mineworker has died in the western Georgian region of Chiatura. The tragic accident happened at the Darkveti mine at around 10 pm, claiming the life of Gaga Botchorishvili, 26. The Interior Ministry has launched an investigation to reveal the exact reason behind his death. In its recent report “No Year without Deaths’: A Decade…