Zlatoust Electrometallurgical Works has started producing rolled billets with the size of 28×250 and 73×250 mm at the mill-750. The mastering of the new sizes will allow the company increasing its special purpose sections portfolio. The company started rolling billets on April 9. In two shifts 110 tons of billets have been manufactured of 10860,…
In January-March, Severstal net profit decreased by 7.2% YoY, to $428 million. EBITDA dropped by 6.1%, to $663 million. Compared with Q4 2018, net profit fell by 26%, and EBITDA – by 16.5%. The group net debt as of March 31, decreased by 30%, to $863 million. (Ukrainian metal)
At a meeting held on April 19, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q1 dividends of 7.34 rubles per share at the Extraordinary General Shareholder Meeting (EGM) to be held on June 7. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q1 dividends of 7.34 rubles per…
The newly elected Board of Directors of NLMK Group held its first meeting. Vladimir Lisin was re-elected as Chairman of the Board. The Board of Directors also approved the schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the Board Committees. Strategic Planning Committee: chairman – Oleg…
At least 15,004 people have signed the petition against the project on development of uranium deposit in Issyk-Kul region. Collection of signatures continues. Last weekend, social networks’ users began collecting signatures against the project on development of Tash-Bulak uranium deposit. The author of the petition was Alena Khomenko. She invited everyone to sign the online…
Gold production of Polyus increased by 19% YoY, but fell by 6% QoQ, to 600,700 ounces in January-March, the company said in a statement on April 23. Sales grew by 24% YoY, but dropped by 11% QoQ, to 570,000 ounces. Production on the Olimpiada deposit rose by 17%, to 248,300 ounces, on Blagodatnoye by 3%,…
Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev instructed to suspend work at the uranium deposit in Kyzyl-Ompol area, the Information Policy Department of the Government’s Executive Office reported. The head of the Cabinet held a meeting on the activities of YurAsia company in Kyrgyzstan. An interdepartmental working group was formed on December 31, 2018. Its participants…
Rally at Tash-Bulak uranium deposit ended after a meeting with members of the Parliament, local journalist Anara Azhybekova reported. According to her, a meeting of local residents with members of Parliament Abdybek Duishaliev and Altynbek Zhunus uulu took place at the uranium deposit. “MPs listened to the demands of local residents to ban the development…
