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Zhezkazgan copper-smelting plant of Kazakhmys Smelting LLP has resumed work at full capacity: the second ore-smelting furnace has been launched. Since 2009, the enterprise has been operating only one furnace due to the lack of raw materials for full load. Now, after a long break, the plant has returned to full operation. “In almost ten…
DetailsThe price of one ounce of gold increased by 37.9885 manats or by 1.79 YoY last week in Azerbaijan, to 2,121.9757 manats. The price of one ounce of silver grew by 0.3122 manats or by 1.26%, to 24.9105 manats. The price of one ounce of platinum went up by 16.4815 manats or by 1.24%, to…
DetailsPolymetal International plc has completed the deal to exchange its Tarutinskoye deposits in Russia for an 85% share in the Vostochno-Tarutinskoye deposits in Kazakhstan without additional payment. The deal was announced on April 16. “The Vostochno-Tarutinskoye is a good addition to our Varvarinskoye enterprise, which will simplify operational management by removing difficulties with transferring ore…
DetailsElgaugol LCC is assembling 2 powerful excavators at its Elga coal complex. Investments in the project totaled 1.8 billion rubles. The excavators have been produced and supplied by Uralmashzavod. The assembly of the EKG-18 excavator with the ladle size of 18 cubic meters will be complete in late January 2019, while the commissioning of the…
DetailsSeverstal Steel Decisions is participating in several major construction projects at once. In particular, the company has won a tender to supply metal structures for the construction of the Kola Iron and Steel Company in Murmansk region. Severstal Steel Decisions also got an order to supply metal structures for the construction of a mini heat…
DetailsAt a meeting held on December 21, NLMK Group’s Board of Directors approved updated versions of its internal corporate documents (NLMK Group’s Anti-Corruption Policy, NLMK Group’s Corporate Ethics Code, Regulations on NLMK’s HR, Remunerations and Social Policy Committee, Regulations on NLMK’s Corporate Secretary, NLMK’s Corporate Governance Code). Updated versions of NLMK Group’s Corporate Ethics Code…
DetailsAt the Extraordinary General Shareholders’ Meeting (EGM) held on December 21, NLMK shareholders approved the payment of Q3 dividends of 6.04 rubles per share. The date upon which the shareholders entitled to Q3 dividends would be determined was set as January 9, 2019. January-September dividends will amount to 17.01 rubles per share. The Shareholders’ Meeting…
DetailsIn November Ukraine decreased steel output by 11.2% YoY, to 1.66 million tons, retaining the 13th place in the rating of 64 countries-manufacturers of steel compiled by World Steel Association. China increased output by 10.8%, to 77.62 million tons, securing the first place. As a result of 11 months Ukraine also holds the 13th place…
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