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The board of directors of Metalloinvest has decided to pay 8 billion rubles of dividends to the shareholders following the work in January-September. On the results of H1 Metalloinvest has already paid 20 billion rubles of dividends. In January-September Metalloinvest received $1.089 billion of net profit, up by 53.8% YoY. EBITDA grew by 80.8%, to…
DetailsIn November Yuzhniy Mining and Processing Works produced 1.079 million tons of concentrate, up by 8% YoY. According to the company statement, sinter output dropped by 3%, to 164.5 thousand tons. In January-November UGOK produced 11.361 million tons of concentrate, up by 10.8% YoY, and 1.725 million tons of sinter, down by 9.5%. In 2016…
DetailsThe state enterprise Pervomayskugol has concluded agreements with Ekvives LLC for the delivery of 2 pump units valued at 4.8 million UAH. The agreements presuppose 100% prepayment. The products will be paid for from the state budget. The seller has to deliver the pumps to the Zolotoye mine warehouse within 45 days of the payment…
DetailsAn accident happened at the Dneprovskaya mine of DTEK Pavlogradugol resulting in the injury to three miners. A winch rope broke off when the trolley with miners was hoisted from underground. The miners, not waiting for the breaks to start operating, began jumping out of the trolley. Injured miners have been transported to the Pavlograd…
DetailsIn January-November Zabaykalye region extracted 12.375 tons of gold, up by 6% YoY. Silver output totaled 38 tons. Alluvial companies provided for the most output – 8.988 tons of gold. Ore gold accounted for 3.387 tons. This year 50 companies are extracting gold in the region. 10 companies provided for over 8.3 tons of gold.…
DetailsElectrozinc has commissioned a new site of sublime milling at its hydrometallurgical shop. Together with the start of the zinc manufacture, after the repairs in October the new ball mill was put in operation. After grinding in the new mill the sublimes are processed in the hydrometallurgical shop. Thanks to modernization impact on environment will…
DetailsShareholders of the Magnitogorsk Iron and Steel Works decided to pay dividends for the operation in Q3 in the amount of 1.111 rubles per ordinary share. The total amount is around $209 million, or 59% of the company funds. This corresponds to the dividend profit of 2.5%. The shareholders entitled to receive dividends will be…
DetailsThe member of the Mariupol city council Maxim Borodin has published on his page in Facebook a video of another major air pollution by the local Ilyich Iron and Steel Works. “In broad daylight Mariupol Ilyich is polluting the air over the city”, he wrote. “I’m sure that neither the CEO, nor the blast furnace…
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