Shareholders of the private joint-stock company Severniy Mining and Processing Works, a part of Metinvest Group, have sent UAH 11.546 billion to pay dividends for 2014 and previous years. “At a general meeting of shareholders on January 30, it was decided to pay dividends implementing the draft decision,” the company reported. Some UA 1.545 billion…
DetailsShutdown of Metinvest Group’s Avdiivka Coke and Chemical Works (Avdiivka Coke) can lead to a humanitarian disaster in the town. As a result of the shelling that damaged the power transmission lines, the enterprise was experiencing power supply outage and had to proceed to hot mothballing. Should Avdiivka Coke come to a complete halt, the…
DetailsPolymetal International plc has increased its share in Vostochny Bazis LLC, which has the license to work at the Tarutinskoye copper deposits, from 75% to 100%. Polymetal bought the additional 25% from Geronesa Trading Ltd. Tarutinskoye is a typical gold-copper deposit and fits Polymetal strategy of creating processing hubs. The deposits will provide raw materials…
DetailsIn 2016 Yerunakovskaya-VIII mine produced 3 million tons of coal. Despite the difficult mining and geological conditions as well as the increased volume of gas Yerunakovskaya-VIII is the local mining leader. The mine was put into operation in February 2013. The coal concentrate mined there, after it is processed at Kuzhetskaya and Abashevskaya factories, is…
DetailsThe supervisory board of Evraz Yuzhkoks has dismissed the general manager of the company Sergei Burylin from his office. The new CEO is now Denis Koshkarov, the director of central laboratory of by-product coke chemistry manufacture at Evraz NTMK. Koshkarov has been appointed for 1 year – from February 1, 2017 through January 31, 2018.…
DetailsThe Federal Antimonopoly Service of Russia has postponed till February 13, the hearing of the case against Evraz, Severstal and Mechel companies in respect of the rebar price growth. In July 2016 FAS started investigation on the antimonopoly legislation violations on the market of rebars on behalf of Evraz, Severstal and Mechel enterprises. The price…
DetailsNord Gold acknowledges recent speculation regarding a possible delisting of the company’s global depositary receipts from the Official List and the London Stock Exchange. The Board of Directors continues to consider options for maximizing shareholder value, including a potential delisting of the company’s global depositary receipts, although no decision has been taken and there is…
DetailsThe operation of Avdiivka Coke and Chemical Works has been halted for the first time since the military conflict in Donbass started. “For the first time the works went on halt. There are problems with gas, and there is no electricity in Avdiivka”, the Avdiivka military-civilian administration deputy chairman Fridon Vekua said. According to him,…
DetailsMechel-Service, the metal-trading company of Mechel, has sold 3 thousand tons of metal from its new warehouse in Vladivostok. The new site started operating in November 2016. It is the 59th warehouse of Mechel-Service in 43 cities of Russia. The main consumers of metal in the region are construction companies and ferroconcrete manufacturers, followed by…
DetailsChelyabinsk Zinc Works is carrying out modernization at its unique manufacturing complex – the production of IN-00 indium with 99.999% contents. Within this program the works has put into operation new filter-press equipment by Filtec. The previous mill has been working for 37 years and has now “retired”. China, South Korea and Japan are the…
DetailsAccording to the people’s deputy Vladimir Parasyuk, the railways leading to the Russia-supported militants-occupied territories of Donbass have been cut. “I don’t know who has done this, but I’m sure those were the thinking Ukrainians who grew tired of the war. Now nothing will get there for sure”, he said. On January 25, the ATO…
DetailsIn December 2016 the license to work of some of Krasnodonugol mines, all of them within the Metinvest Group, has expired, Metinvest has filed all the necessary documents to the corresponding state authorities and expects to receive the license in February. Thus, at present these mines dig coal with the violation of the Ukrainian legislation.…
DetailsIn 2017 Metinvest Group is going to invest UAH 7.4 billion in Ingulets, Central and Severniy Mining and Processing Works, up 4 times YoY. By investing in GOKs the group demonstrates its commitment to ramp up production, improve product quality, cut costs, and create a comfortable working environment for its employees. Updated production equipment, overhauled…
DetailsArcelorMittal Kriviy Rih achieved stable output in 2016 and is looking forward to further improve its performance in 2017. “ArcelorMittal Group remains committed to modernizing its operations and expanding its business in Ukraine – with plans to invest $375-400 million this year (capital and operational investments), we will help create directly and indirectly over 30,000…
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