The shareholders of the Russian coal producer Raspadskaya have approved paying 2.5 rubles per common share in dividends for January-June, the company said in. The record date was set for October 20. The company said in March that it could start paying dividends at a net debt/EBITDA (earnings before interest, taxes, depreciation and amortization) ratio…
As part of the investment project between Uzbekistan’s State Committee for Geology and French Orano Group, it is envisaged to attract foreign direct investment at the initial stage of up to $20 million and about $150 million if a commercial field is discovered, representative of Orano Group reported. Orano have decided to create a joint…
Following the embargo Interpipe has almost completely stopped supplying pipes to Russia. “Hot-rolled pipes deliveries have been completely stopped. We do supply a small batch of cold-deformed pipes, but they are really small, as it is a niche product”, the company CEO Fadi Khraibe said. This year Interpipe has supplied less than 10 thousand tons…
In September Yuzhniy Mining and Processing Works decreased sinter output by 59.3% YoY, to 68.4 thousand tons. In 9 months UGOK produced 945.8 thousand tons of sinter, down by 22.7%. Iron ore concentrate output in January-September grew by 2.5%, to 9336.4 thousand tons. But in September concentrate output remained unchanged at 970.6 thousand tons. (Ukrainian…
In July Russia imported 36.6 tons of molybdenum including scrap, up by 30.4% MoM, but down by 4.7% YoY. Deliveries from China grew 2-fold, to 24 tons, while from Germany dropped by 16%, to 12 tons. In 7 months imports totaled 193.6 tons, up by 1% YoY. In monetary terms since the start of the…
Metinvest has issued 10-year eurobonds for $500 million at 7.95% and 5-year eurobonds for EUR 300 million at 5.75%. The combined demand for the two tranches exceeded $1.1 billion. Metinvest held meetings with investors in US, UK and continental Europe on September 18-27. (Ukrainian metal)
NLMK Lipetsk, NLMK Group’s flagship site, has started hot testing at its new furnace for preheating slabs before rolling at Mill 2000. The new reheating furnace will increase NLMK Lipetsk’s hot-rolled steel output by 110,000 tons (+2%), reduce energy consumption by 50% and almost halve air emissions. The new walking beam reheat furnace has replaced…
The polar division of Russian metals producer Norilsk Nickel will spend 2.5 billion rubles on the purchase of mining equipment, the company said. The company expects that 42 units of equipment produced by Sandvik and Epiroc will be shipped to the mines of the polar division in 2020. (Prime/Ukrainian metal)