Evraz will increase its capital investments in 2020-2023 from $850 in 2019 to $1 billion per year. The list of main investment project will not change. The main projects are modernization of the rail and beam mill at Evraz NTMK, construction of flat rolled metal manufacture at Evraz ZSMK and the new line to produce…
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, has no plans to change its dividend policy, Vice President for Finance Nikolai Ivanov said during the company’s investor day. “We are not considering any changes to our dividend policy as of today,” he said. Under the company’s dividend policy, it pays at least $300 million…
DetailsThe blast furnace No. 3 of Mariupol Ilyich Iron and Steel Works has been shut down for capital repairs. The company intends to repair the furnace shaft, the blast furnace top and the charge loading equipment as well as modernize the furnace dust-exhaust system. The goal of the repair is to restore the blast furnace…
DetailsShokpar and Gagarinskoye deposits have the reserves of over 21 tons of gold and 135 tons of silver. The reserves have been added to the state balance. In particular, the C1+C2 reserves of Gagarinskoye deposit amount to 2257.4 thousand tons of ore, 10104.3 kg of gold with the average content of 4.48 g per ton…
DetailsUralelectromed has put into operation its second Outotec pelletizing furnace. The capacity of the machine is 2.6 tons of slurry per day. The operation of two furnaces will increase the efficiency of processing raw materials containing precious metals. The duration of smelting will decrease by 20%, while at the same time increasing the output of…
DetailsSeverstal Board of Directors has recommended paying dividends for Q3 in the amount of 27.47 rubles per share. The decision will be taken at the extraordinary shareholders’ meeting scheduled for November 22. If the meeting approves of the decision, the date of creation of the list of shareholders liable for dividends will be December 3.…
DetailsIn January-September Severstal received $1.393 million of net profit, down by 5.4% YoY. Revenue dropped by 2.7%, to $6.319 million EBITDA decreased by 6.2%, to $2.203 million. (Ukrainian metal)
DetailsMechel has asked the Vice Prime Minister Dmitry Kozak to help return 50% of funds invested in the Donetsk Electrometallurgical Works (Ukraine). The company received DMEZ in 2009 under an agreement with A1. In 2 years Mechel bought the plant for $537 million with the funds borrowed from Alfa-Bank. The company had to pay the…
DetailsA mineworker has died in the western Georgian region of Chiatura. The tragic accident happened at the Darkveti mine at around 10 pm, claiming the life of Gaga Botchorishvili, 26. The Interior Ministry has launched an investigation to reveal the exact reason behind his death. In its recent report “No Year without Deaths’: A Decade…
DetailsIn January-September 1.5 million tons of coal were mined, up by 203,000 tons YoY. In monetary terms, coal worth 236.5 million somoni ($24.5 million) was produced in Tajikistan in the indicated period. The coal stocks as of October 1 amounted to 411,300 tons, up by 207,300 tons. During the reporting period, 10,946 tons of coal…
DetailsIn September Kazakhstan produced 0.323 million tons of steel, up by 1.5% YoY. In 9 months output dropped by 0.9% YoY, to 3.371 million tons. Flat rolled metal manufacture decreased by 32.5% YoY, to 0.125 million tons in September, and by 26.1%, to 1.629 million tons in 9 months. Kazakhstan produced 1.652 million tons of…
DetailsDue to the increase of the imports of hot-rolled carbon and alloyed steel in sheets and coils to the territory of the Eurasian Economic Union, the Economic Commission has introduced a special quota on the imports of the said products. The quota is aimed at protecting the EAEU members’ ferrous metallurgy and would be in…
DetailsIn August Armenia extracted 1500 tons of molybdenum concentrate, up by 29.3% MoM, by 27.2% YoY and by 36.5% from the average result in the past 12 months. This is also the highest historical output. At the same time manufacture of FeMo reached 499 tons, down by 32.5% MoM, up by 27.3% YoY, and down…
DetailsIn January-September 18.74 tons of gold and 85.15 tons of silver were extracted on the territory of Chukotka Autonomous District, down by 2% YoY. Ore gold accounted for 16.52 tons, flat YoY, and alluvial gold – 2.23 tons, down by 11%. In January-September 2018 Chukotka extracted 19.07 tons of gold (16.56 tons of ore gold…
DetailsThe Alfa miners team, developing alluvial sites in Khabarovsk region, has finished the season with 130 kg of gold. Moreover, the company has finished prospecting at the license site in the Levaya Oselga River basin. The season started in March, and the company got down to washing in mid-May. (Ukrainian metal)
DetailsThe floatation department has been commissioned at the Abashevskaya central processing factory, which will allow processing coal with the fraction of 0 mm. Two floatation machines, two filter presses, pumps, compressors and other equipment have been assembled at the department. The floatation process has helped increase ash content in waste from 20% to 45%. In…
DetailsIn January-September Russia produced 44.3 million tons of unalloyed steel and semi-finished products, down by 0.9% YoY. In September output increased by 1.5% MoM and by 0.7% YoY. According to the Federal Service of State Statistics, rolled metal manufacture in 9 months totaled 46.1 million tons, down by 0.4% YoY. In September output dropped by…
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