The Moscow shareholders of Rezhnickel, a part of Rusnickel, have started shutting down the works. Some 850 employees will be sent to forced vacation with two thirds of salary. Around 100 employees will be left looking after the shops. The machinery could be put back into operation as soon as the market situation improves. But…Details
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In December 2016 Dneprospetsstal produced 21385 tons of steel, up by 12.3% MoM, as well as 13620 tons of rolled metal, up by 6.5% MoM. The total cost of products manufactured in December 2016 reached 577.574 thousand UAH, up by 14.4% MoM. In 2016 the company produced 237033 tons of steel, down by 3% YoY,…Details
In 2016 the two mining and processing works of Group DF (Mezhdurechensky GOK and Valki-Ilmenit) produced 170.2 thousand tons of 42% ilmenite concentrate (Ti2o). The maximum capacity of Mezhdurechensky GOK is 200 thousand tons of ilmenite concentrate per year, that of Valki-Ilmenit – 65 thousand tons. Group DF investments into the development of the two…Details
Because of the emergency situation in the town of Avdiivka the Avdiivka Coke and Chemical Works has decreased coke deliveries to the Mariupol Ilyich Iron and Steel Works. “Avdiivka Coke is on the brink of collapsing following the constant shelling. Coke deliveries to Ilyich have decreased, and Avdiivka is our only coke supplier at present.…Details
The Antimonopoly Committee of Ukraine has ordered the state enterprise Selidovugol to change the requirements within the tender of coal processing. “Selidovugol stated the necessity to have the car dump. Still it could not prove the necessity to have the car dump while processing coal. This is narrowing the circle of the tender participants. As…Details
Metinvest Group’s Avdiivka Coke and Chemical Works in the Donetsk region suspended operation amid a blackout caused by the hostilities but managed to maintain autonomous power generation for the plant and to heat Avdiivka with coke gas. “We managed to maintain power generation and to heat the town with coke gas; we are waiting for…Details
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…Details
Shutdown 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…Details
Polymetal 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…Details
In 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…Details
The 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.…Details
The 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…Details
Nord 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…Details