Rusal Bratsk intends to place bonds valued at 15 billion rubles. In particular, the company will place 15 million notes with the nominal value of 1 thousand rubles each. The maturity will be 10 years. (Ukrainian metal)
At the annual meeting on June 25, the shareholders of Chelyabinsk Zinc Works decided not to distribute the 2018 profit and not to pay dividends. The profit will be spent to finance the company investment programs. Last year ChTZ decreased net profit 3-fold YoY, to 1.8 billion rubles. The decrease is due to the company…
In April Russia exported 454.6 tons of tin ore and concentrate, up by 652% MoM and by 532.4% YoY. In January-April exports went up by 381.4% YoY, to 515.1 thousand tons. In monetary terms the exports since the start of the year have increased by 889.5%. In April the price dropped by 4%, to $9.3…
In April the export of raw copper from Russia totaled 56.7 tons, down by 74.8% MoM and by 50.4% YoY. In 4 months exports fell by 62.8%, to 508.7 tons. At the same time, the price grew by 27%, to $15.9 per kg. Kazakhstan accounted for 99.6% of purchases. Since the start of the year…
In April Russia exported 426.8 tons of copper rods and sections, down by 9.2% MoM and by 20.7% YoY. At the same time the price has increased by 7.4%, to $6.6 per kg. In 4 months exports dropped by 5.2%, to 1.7 thousand tons, and in monetary terms – by 4%. (Ukrainian metal)
The Ministry of Economy of Kyrgyzstan proposes to increase the tax rate on the income of mining and mining-processing enterprises by 3% in the case of sale of gold ore and concentrates and revise the tax royalty base in sale of metal ores and concentrates. Amendments to the Tax Code have already been submitted for…
Russian metals and mining group Mechel has sent proposals to major state-owned creditor banks to reschedule its 347.5-billion ruble debt, CFO Nelli Galeyeva said during an annual general meeting of the company’s shareholders. “We sent a proposal to our largest creditor banks in June offering changes to the schedule of the company’s debt portfolio repayment.…
The shareholders of the Russian metals and mining group Mechel have approved paying 18.21 rubles per preferred share in dividends for 2018, or a total of 2.527 billion rubles, and no dividends on common shares. The record date is scheduled for July 18. For 2017 Mechel paid 16.66 rubles per preferred share, or a total…