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Mariupol Ilyich Iron and Steel Works and Azovstal of Metinvest Group have been increasing their expenses on environmental projects for several years. In 2018 the green investments have grown 5.6-fold, to UAH 600 million. Financing increases progressively as the group switches from designing to constructing gas treatment facilities. In particular, investments in construction, upgrade and…
DetailsArcelorMittal Temirtau has completed a project to implement a high-tech system of rolling stock axles counting provided by Frauscher at the Uglerodnaya station. Investments in the project totaled 320 million tenges. The system will make the rolling stock movement safer and decrease maintenance expenses. In 2019 this system will be implemented at other railroad stations…
DetailsThe state corporation Vnesheconombank has left the shareholders of the gold-extracting company Pavlik, which develops the deposits of the same name in Magadan region. The share of the bank in the company dropped from 9.9% to 0%. According to the bank the move was planned. VEB left Pavlik when it reached the design capacity of…
DetailsUGMK-OTsM has opened a new regional warehouse in the town of Pokrov in the Vladimir region. The company takes into account the needs of its clients and constantly develops to organize a mutually beneficial operation. The opening of a new warehouse will let traders optimize delivery terms and expenses. The cargo can be stored free-of-charge…
DetailsRussia’s Industry and Trade Ministry is ready to discuss preferences for the sales of beer in aluminum cans to support deep aluminum recycling, Minister Denis Manturov said. On October 1 Kommersant business daily reported that the Industry and Trade Ministry had prepared a bill to lift a 2013 ban on the sales of beer and…
DetailsMagnitogorsk metal ware and calibration plant MMK-Metiz (a part of the ММК Group) is implementing a large-scale investment program to develop new types of metal products and modernize existing facilities. The estimated CAPEX exceeds 2.5 billion rubles. The modernization is planned for 2017-2019 and is aimed at strengthening the company’s position as a leading supplier…
DetailsPJSC Magnitogorsk Iron and Steel Works announced that an Extraordinary General Meeting of shareholders was held on September 28 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 1.589 rubles (including tax) per share for the second quarter of 2018. The dividend will be paid in cash…
DetailsPrices of gold and platinum increased, while the silver and palladium prices decreased in Azerbaijan on October 2, according to the data published by the Central Bank. The price of gold grew by 7.5055 manats, to 2,027.5985 manats per ounce on October 2 compared to the price on October 1. The price of silver dropped…
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