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At a meeting held on July 28, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q2 2017 dividends at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on September 29. NLMK Group’s Board of Directors recommended NLMK shareholders approve Q2 dividends of RUB 3.20 per share, equivalent to…
DetailsAt the plant for production of metallurgical-grade silicon of Tau-Ken Temir LLP, Prime Minister of Kazakhstan Bakytzhan Sagintayev has checked the current measures for technological modernization and prospects for development of the enterprise. Sagintayev examined the operational shops for silicon, refining, teeming and production, and visited the silicon intermediate storage facility. Murat Zhukenov, the Board…
DetailsThe Mariupol city council has concluded an agreement with Mariupol Ilyich Iron and Steel Works as to the lease of cars valued at 175 thousand UAH. The lease of 2 Toyota Land Cruiser with drivers till the end of the year costs 160 thousand UAH. Thus for each car the city council will pay 8…
DetailsIn January-June Poltava Mining and Processing Works exported 4.123 million tons of iron ore pellets. At the same time Karelsky Okatysh exported 2.461 million tons, Mikhailovsky GOK – 1.878 million tons, Lebedinsky GOK (all three – Russia) – 1.355 million tons, while SevGOK – 983.9 thousand tons of pellets. In H1 PGOK produced 5.16 million…
DetailsIn June Russia produced 4.55 million tons of pig iron, down by 7.7% YoY (5.095 million tons in May). In January-June pig iron output decreased by 1.7% YoY, to 30.186 million tons. Ukrainian pig iron output in June totaled 1.52 million tons, down by 13.9% YoY (1.61 million tons in May), with 9.658 million tons…
DetailsThe Electrocable Kolchugino Works has assembled the new machinery valued at 3 million rubles. It will allow the company to increase medium and high voltage (up to 110 kW) power cable output. The new taping and armoring machines have been incorporated in the existing line. “The necessity to improve the line resulted from the increase…
DetailsA presidential decree dated July 26 approved measures to improve governance structures and increase the efficiency of activity of enterprises of the coal industry. The document notes that the decree of the President of the Republic of Uzbekistan dated June 13, approved the program of further development and modernization of the coal industry in 2017-2021,…
DetailsIn June Russia produced 5.341 million tons of steel, down by 8% YoY. In 6 months steel output totaled 35.34 million tons, up by 0.8% YoY. Ukraine decreased steel output by 13% YoY in June, to 1.593 million tons (1.69 million tons in May). In January-June Ukraine produced 10.504 million tons of steel, down by…
DetailsBelarus Iron and Steel Works (BMZ trademark) has been granted a Gold Recognition Level based on its participation in the EcoVadis Corporate Social Responsibility (CSR) assessment. The result places BMZ in the top 5% of suppliers evaluated by EcoVadis, BMZ spokesman Alexander Olesik reported. The results achieved demonstrate the high professionalism of BMZ’s employees. The…
DetailsAksu Ferroalloy Works has been chosen as the site for the new energy efficiency project, as it is a leading enterprise of KazChrome in energy saving. According to the estimates, the economical effect of the project will be 346 million tenge. The project will be carried out in 3 years. Under the project the company…
DetailsIn January-June Kazakhstan produced 41161 kg of raw gold, up by 18.6% YoY. According to the Statistics Committee of the Ministry of national economy, raw silver output dropped by 13% YoY, to 543930 kg. (Ukrainian metal)
DetailsArmet LLC, a part of Anglo Russian Gold Ltd., will construct a mine with the capacity of 1.5 tons of gold per year at the Archiyskoye deposits. Investments into the construction of the mine with the ore processing capacity of 1.05 million tons will total 4.222 billion rubles. The public hearings of the project are…
DetailsThe pipe works ArcelorMittal Tubular Products Aktau will create a new shop to produce steel pipes with corrosion-resistant insulation. The company will produce 24-meter pipe sections, which will decrease the welding volume and improve its quality, as the welding will be done at the plant. The project will also increase the Kazakhstani share – 80%…
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