Ukraine: UGOK to pay 7.13 billion UAH in dividends for 2018

Shareholders of the Yuzhniy Mining and Processing Works intend to spend a part of profit for 2018 (7.133 billion UAH) to pay dividends.

This amounts to 4.484251 UAH per ordinary share.

The issue will be discussed at the meeting scheduled for July 19. (Ukrainian metal)

Russia: Svobodniy Sokol to supply pipes for water pipeline

A construction of a water pipeline from the village of Sosenki to the city district of Troitsk has begun.

The diameter of the pipeline will be 1,000 mm.

The pipes of high quality pig iron manufactured by Svobodniy Sokol have been chosen for the construction. (Ukrainian metal)

Russia: MMK repairs wire mill-170

MMK has completed the repair of the small-section mill-170. The mill saw repair of its heating furnace, as well as the replacement of all Stelmor fans. The contract to modernize the mill was concluded in late 2017 with Danieli and Officine Meccaniche S.p.A. The cost of the contract was 5.5 million euros. At present both…

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Russia: NLMK Corporate University joins EFMD association

The Corporate University of NLMK Group, a global steel company, has become a member of the European Foundation for Management Development (EFMD), a leading international association. This not-for-profit membership organization brings together leading business schools and companies committed to developing management systems. EFMD offers accreditation services to business schools, corporate universities, and training programs, and…

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Russia: new CEO appointed to PMH-Ugol

Industrial-Metallurgical Holding has appointed Alexander Kukolev the CEO of its subsidiary – PMH-Ugol. He has replaced Andrei Sushentsev, who has been heading the company since 2018. Kukolev started working at the Berezovskaya Central Processing Factory in 1999. In August 2015 – February 2016 he has been the first deputy CEO at Koks-Mining LLC, before returning…

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Russia: Rusal exports up in H1 2019

In January-June Rusal increased aluminum exports by 18% YoY, to 1.5 million tons.

In June exports fell by 16.7%, to 243.87 thousand tons.

Last year Rusal received $1.7 billion of net profit, up by 39% YoY. (Ukrainian metal)