Cherepovets Iron and Steel Works has mastered the manufacture of a new product. The first batch of the square with the size of 125×125 mm has been produced at the mill-350. This complex product is used to produce springs for cargo machines, commercial transport and buses. The square has been developed at the customer’s request…
NLMK Lipetsk, NLMK Group’s flagship production site, has embarked on the development of project documentation and site preparation for the construction of a new recovery power plant running on by-product gases from steelmaking operations. The power plant will have a capacity of 300 MW. NLMK Group plans to invest 35 million rubles into the project.…
At the Extraordinary General Shareholders’ Meeting (EGM) held on September 27, NLMK shareholders approved the payment of Q2dividends of 3.68 rubles per share. The total amount of Q2 dividends payable to shareholders is equivalent to 136% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period. The date upon…
The national assembly on Jerooy gold deposit, scheduled for October 1, was canceled. According to the organizers, they received information about threat of disruption of the event and its use for political purposes. “We can’t voice names, but apparently, there were people among us, who pursued their goals. There is information about possible provocations, we…
Additional expenses of Interpipe because of the increase of electricity cost amount to some $1 million per month. The company CEO Fadi Khraibe says de facto there is no electricity market in Ukraine. “The market presupposes competitive demand and supply. But now there is a system that is trying to get closer to the market.…
AVA-Trade LLC aluminum works was not able to contest additional taxes of over 23.9 million rubles and a fine of 1.4 million rubles. The company filed a suit to the court demanding to cancel the decision of the Tax service. The service found violations of the tax legislation and decided to impose additional taxes of…
In July Russia exported 321.3 tons of flat copper, up by 51.5% MoM and by 20.7% YoY. Deliveries to Belarus remained almost unchanged at 128 tons, while exports to Ukraine grew 2-fold, to 111 tons. In January-July exports totaled 1.7 thousand tons, down by 4.1% YoY. In monetary terms since the start of the year…
In January-May Russia increased gold manufacture by 9.59% YoY, to 101.44 tons. In particular, gold extraction totals 80.99 tons, up by 11.74%, secondary gold – 13.1 tons, down by 4.59%, and auxiliary gold – 7.35 tons, up by 15.93%. Silver output dropped by 9.32%, to 383.654 tons, including 175.39 tons of extracted silver, down by…
